Eight Steps to Lay a Solid Foundation for Purchasing a Home

The purchase of a home ranks among life’s major milestones — and among its most significant financial commitments. From a down payment to monthly mortgage payments to covering the costs of upkeep, home ownership is destined to put significant demands on your wallet.

By taking the following preliminary steps prior to buying a home, you will put yourself in a much better position financially to weather the additional budgetary strain that often accompanies homeownership, according to the personal finance experts at the Financial Planning Association:

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