Shark Tank's Kevin O'Leary offers blunt words on buying a home now
The investor and media personality shares timely advice on the cost of homeownership.
Over the past several years, housing prices and mortgage rates have risen considerably, raising the barrier to entry for many homebuyers. Between the down payment, closing costs, home insurance, and taxes, purchasing a home comes with more upfront costs than many buyers realize.
Though it may be tempting to score your dream home, it can be a dangerous financial move to sign a third-year mortgage on a house you can't afford.