How Much Money Should I Save Before Buying A House?

You should save enough money for 4% of the total price for closing costs, 3 to 20% for a down payment and moving expenses. You will also need to show where the money came from and there may be other hidden expenses getting out of your current lease etc.

Buying A House

One way to return some money to your bank account is ask your loan officer if you ca defer the first payment for 60 days. You will need to pre-pay the interest at closing but it may help you. This technique also offsets some of the expense from refinancing.

You get to be the judge if it is right for you. Seek good counsel, buy an average home on a better than average lot and long term you should be fine. Thank you for asking, how much money should I save before buying a home?

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