How to Afford a Million-Dollar Home
AuthorKelsey Heath. Date:
With rising property values and shifting markets, million-dollar homes are becoming more common than you might expect—and more accessible. In some markets, like California’s major cities, New York, and several other East Coast metropolitan areas, the average price for a home is already well over a million dollars. For residents of these areas, affording a million-dollar home isn’t just a possibility but a reality if they ever want to become homeowners. So, if you want to know how to afford a million-dollar home, then this is the right article to get you started. Today, affording a million-dollar property isn’t just about having wealth or a sizable income; it’s about thoughtful financial planning, disciplined saving, and understanding the right financing options. In this guide, we’ll break down the essentials of purchasing a million-dollar home, including financial preparation, calculating your budget, and exploring the most suitable financing options. Is Buying a Million-Dollar … Continued
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