How much money do you need to save in order to buy your first home? Chances are, it’s less than you think! In today’s episode of The Homeowner Prep Podcast we discuss the different down payment requirements of the most popular loan programs, expected home buying costs, and how to quickly save money the right way. Check out the full episode and if you still have questions, be sure to reach out to us or drop your question in the comments.
//SHOW NOTES
0:00 Intro
0:22 Welcome to Homeowner Prep
1:26 Loan Down Payment Requirements
2:51 Breakdown of Closing Costs
5:04 Home Buying Inspection Fees
6:43 Loan Reserves Explained
7:32 What is an Earnest Money Deposit?
10:01 First Step to Saving Money
11:22 Setting Up Automatic Payments
12:25 How Much Do I Need To Save?
13:20 Reach Out If You Need Help
14:05 Download Our Free eBook
//IMPORTANT RESOURCES
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//ABOUT HOMEOWNER PREP
Homeowner Prep helps aspiring first time homeowners through real-world advice and accountability. This podcast was created for those who dream of owning their first home – and are willing to do whatever it takes to make their dream a reality!
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//LICENSE INFO
DRE: 01780767
NMLS: 2218002
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