How to buy a home you can afford in 9 steps

April 14th, 2016

  1. Check your credit score and look at your cash flow.
    Start by checking your credit score. "The higher your score, the better the interest rate on your mortgage will be," writes Ramit Sethi in "I Will Teach You To Be Rich." Good credit can mean significantly lower monthly payments, so if your score is not great, consider delaying this big purchase until you've built up your credit.
  2. Have cash for a down[...]

Saving for a down payment

April 14th, 2016

Save for a down payment with these easy tips. For most Americans, a down payment is the only thing standing between renting and owning a home. Although it may seem like a daunting task to save enough to get out of the renting cycle, there are some tricks to saving money quickly. Here are a few:

Develop a budget & timeline.
Start by determining how much you’ll need for a down payment. Create a budget and calculate how much you can[...]