5 Hidden Costs of Home Ownership

Congratulations! You’re buying your first home, but you may encounter unexpected expenses as part of homeownership. Here are five examples.

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he Department of Housing and Urban Development has approved many lenders across the country to offer loans which are insured by the Federal Housing Administration. That means if a borrower defaults on the loan, the FHA pays the lender all or part of the defaulted loan amount. These are safe and secure loans for lenders and they are available to anyone who meets eligibility requirements.

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Personal income and non-durable expenditures increased, while durable goods spending decreased in December 2009. The recently released data suggests consumers are opting to save their money or spend it only on the essentials rather then purchasing big ticket items incurring additional debt.

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