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Friday, March 27, 2009

Family growth

Starter homes are typically small houses that don’t leave much room for an expanding family. But what if your situation changes suddenly before you can afford a new home? You may be forced to sell and move before you are ready to do so.

Purchasing a larger home to start off with may work well if you’re planning to have kids within a few years. The downside is that if you pay significantly more up-front and have higher mortgage payments, you may find it more difficult to support a growing family on less disposable income.

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