How Much Money Do I Need to Buy a Home?

28/09/2023 31 min Episodio 16
How Much Money Do I Need to Buy a Home?

Listen "How Much Money Do I Need to Buy a Home?"

Episode Synopsis

One hurdle many homebuyers face is the amount of money needed to actually purchase the home. They can make the payment easily. Their income and credit score say they can afford the home and are a good credit risk. Unfortunately, that is not enough. Buyers need cash for downpayments, fees, and other expenses. This episode shows you what you may need and some options for where it could come from.3:27 - Up Front Money7:43 - Downpayment & Loan Fees10:29 - Prepaids13:48 - Closing Fees18:35 - Options for this Money24:14 - Rules of Thumb