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June 02, 2016

Calculating Ways Homeowners Can Save Money

Homeownership
Calculating Ways Homeowners Can Save Money

During the homebuying process, you're probably focused on all of the related costs. Why not think a bit about how you might save money once you're a homeowner? Freddie Mac's calculators and worksheets can help.

  • Calculate your potential tax savings.
  • Figure out how much in interest you might save over time by making extra mortgage payments, if you comfortably can.
  • Monitor your monthly budget and spending habits.
  • Keep track of your home maintenance – what's needed when and what you've taken care of. Staying on top of maintenance activities could help you avoid more expensive repairs.

Start now to develop habits that will pay off over time.

Follow this series just in time for the spring homebuying season.

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