But worry has the daughter paralyzed. Recently the woman found a home she adores. But she remains haunted by the specter of financial ruin, despite her mother's promise of rescue. Irrational worries are sometimes the hardest to get through. The prospect of buying a home arouses fear among many.
People have an innate fear of commitment.
He tells of one client who paid substantial rent each year rather than confront his worry that he would bungle a home purchase. He was 83 by the time he summoned the courage to buy. If you're a worrier, the trick is to confront your fears squarely. Take realistic steps to guard against economic adversity. Instead of the minimal 5 percent to 10 percent down, you could go as high as 20 percent.