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Saving for a Down Payment: Where Should I Keep My Money? - Investopedia
WebWhen deciding how to save for a house there are two main costs to consider: the upfront costs and the ongoing costs. Your initial savings goal should cover the upfront costs. This includes your down payment, closing costs, home appraisal, and home inspection. Here’s how to estimate each: WebJan 11, 2024 · The Bottom Line. If you want to save for a house, you should have a solid plan in place. But first, make sure you know how much you need for the down payment. … WebMay 10, 2024 · Buying a home is one of life’s biggest milestones for countless Americans, and the largest purchase many will ever make. For most mortgages, you’ll have to put at least some money down, and that’s not the only thing you should save for: There are also closing costs, property taxes, and ongoing repairs and maintenance. shop professional series