College of ACES | University of Illinois Extension
Pubs Plus

Home Ownership: Can You Afford It?

Home Ownership: Can You Afford It?

Product Details

Product number: 
CD-001
Product type: 
CD-ROM
Pub. Date: 
2003

Price: $25.00

The American dream of owning a home may be attainable for most people who have an adequate, stable income, some cash reserves and a good credit history. Many programs for first-time buyers make it easier to qualify for loans. Still, the monthly mortgage payment is just one of the costs to consider when deciding if you can afford a home, according to Evelyn Prasse, University of Illinois Extension consumer and family economics educator. Loan costs, new home expenses and taxes must also be figured into the family budget of expenses.

This planning guide on CD-ROM can help you make one of the most important decisions of your life--whether you can afford to buy a home and still pay for other family living expenses. In addition, the fact sheets that accompany the CD will help you learn about the following key concepts related to owning your a home:

  • How to determine if you can afford the home you want
  • Learn how to save on insurance costs
  • The importance of planning ahead for home maintenance expenses
  • Discovering whether a home equity loan will benefit you
  • Deciding if a mortgage refinance would save you money
Author: Evelyn Prasse, University of Illinois Extension consumer and family economics educator

You might also be interested in:
 
Grandparents Raising Grandchildren Information Series <br>Pamphlet Set 2
All About Us. Important Family Records
Terrific Teachable Moments: Families on CD-ROM