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re: Wise friends of the MB: Am I anywhere close to buying a home? UPDATED pg. 3
Posted on 4/7/15 at 8:06 pm to bayoubengals88
Posted on 4/7/15 at 8:06 pm to bayoubengals88
At first glance it looks like you should try to build up your emergency fund before investing in a house. If you were to buy a house today and lose your job tomorrow, you would have to support the new mortgage plus your current debt payments on $1,000 savings. You should also consider if you will be required to put money down or pay closing costs.
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