Buying a new home is indisputably a major milestone in anyone’s life. In fact, for most people, it’s the biggest purchase they’ll ever make. Of course, this means that prospective homeowners will need to have their finances in order to afford closing costs, a down payment, and their mortgage once they own the property.
Saving for retirement is also a very important task, and neglecting your retirement account to pay for a home will likely hurt you in the future. It is completely possible to both save for retirement and have your own home, but to do so, you need to be well informed.