Rebell says not to stress to much about the hot market, and don’t get caught up in the pressure and pay for something you can’t afford. Bobbi Rebell discusses the financial planning involved in putting in a competitive offer. She is a personal finance expert and author.
THE GOOD THING IS YOU’RE PAYING THAT LOAN BACK, YOU’RE PAYING YOURSELF THE MONEY, SO YOU’RE GETTING THE INTEREST FROM YOURSELF, BUT YOU HAVE TO REMEMBER THAT IF YOU LEAVE THE COMPANY, YOU’RE GOING TO HAVE TO PAY THAT MONEY BACK REAL FAST BEFORE YOU PAY TAXES, OTHERWISE UNCLE SAM WILL GET IN THERE TO GET SOME.