top of page

Are You Ready To Buy A House?

If you’re considering buying a home, congrats! This is a huge step. To be sure you’re ready, follow my home buying guidelines below to help you achieve financial freedom.

  1. Be completely debt-free.

  2. Have at least a 20% down-payment saved up (excluding closing costs).

  3. Have 3-6 months of monthly expenses saved in a fully-funded emergency fund.

  4. Have 5% of the home price saved up to pay closing costs.

  5. Be stable in your job (no job changes within 3-4 months before or after buying).

  6. Buy in an area you can stay for at least 5 years.

  7. Never buy a house with someone to whom you are not married.

  8. Do not buy a house that you cannot afford on ¼ of your take-home pay on a 15-year fixed rate mortgage.

  9. Once you buy your home, pay cash for any and all renovations, home improvements, furnishings, etc.

  10. Buy a house with a comfortable enough mortgage payment to give you room in your budget to make extra mortgage payments. (Four extra mortgage payments per year can shave off 11 years from your mortgage!)


bottom of page