Whether you’ve paid off your home or not, financial advisors will tell you there are sure to be many other expenses such as house repairs.
Some of these can be quite unexpected; for instance, a car might run into your home and wreck the foundations or stability of it, or a sudden storm might mean a tree falls across your roof.
How do you pay for these major repairs and still afford to pay the mortgage off? Financial planning right from the start is the best way.