Home Buying Basics
Saving for a down payment starts with setting a budget based on a 15-year fixed-rate mortgage, ensuring that payments remain manageable. It’s crucial to adjust expectations for your first home, as it doesn't have to be your dream home. Additionally, while paying cash for a house is an admirable goal, it may be more practical to secure a solid down payment and manage a mortgage, especially given the rising housing prices.In this clip
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George Kamel
I’m a Self-Made Millionaire. Ask Me Anything.
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