Things to Consider Before Buying a House

Buying a home is a long term investment. Here are some things to consider before entering the real estate market. 

1. Saving to put 20% down will save you in the long term in both interest and mortgage insurance.
2. Budget to set aside money each month for home repairs, 1% of your home’s value annually is a good rule of thumb.
3. Save up for emergencies. Setting aside 6 months of your expenses is a good rule of thumb. 

Planning for the long term will let you buy your first home with confidence.