: A score above 740 unlocks the best interest rates, saving you thousands over the life of the loan.
: Don't wait for the forever home; a condo or townhome can be a great first step. buying a house at 25 years old
: Budget an extra 2% to 5% of the home price for taxes, inspections, and lender fees. : A score above 740 unlocks the best
: Only buy if you plan to stay put for at least three to five years to recoup the transaction costs. : Only buy if you plan to stay
: Your monthly housing payment stays fixed while market rents continue to rise.
: You start paying off your own "forced savings account" rather than a landlord’s mortgage.
: Lenders prefer your total monthly debt payments to be under 36% of your gross income. ⚖️ Pros and Cons of Early Ownership The Benefits