As explained in our previous video, cars and homes are the two main reasons why many people have little or no net worth when they enter retirement. Our last video dove specifically into the topic of cars, and this one now addresses homes.

A house is the most expensive item that we will ever buy in our lives. Buying a home is so much more than simply paying off a mortgage. An excessive amount of additional costs is associated with the transaction of purchasing and owning a home over the course of time.

Needless to say, there are many things to consider when you enter the market to buy a house. In this segment from The Financial Physician, host Lou Scatigna, CFP® offers advice on how to best manage the home buying process from a financial perspective.