Plan 4 is basing your plan of attack off the likely purchase price and timeframe. Let’s assume you will need to buy in three years and homes in your area for what you want to buy will most likely be about $600,000. You need to reverse engineer this by multiplying the 600k by .035 (3.5%…

Every client is different obviously so I am going to share multiple plans and ideas for various timelines and budgets. If you are not sure yet when you will buy a home but you are interested in getting started to plan ahead, choose a savings schedule you feel comfortable with at your own pace, based…

Have a plan! We’re going to discuss multiple ways to save for a down payment but every buyer will have some sort of action plan. For those fortunate to have an income that provides the ability to save more readily than most, their action plans might be as simplistic as knowing their total cash reserves…

Should you roll in your down payment to your mortgage? States and counties have their own down payment programs so talk to your lender about your specific area and file. For example, California has the CalHFA loan programs for conventional and FHA loans. The type of program available in your area and the home you’re…

This might sound crazy but your vision board should be a solid contributor in your decision making when it comes to buying a home. Why? Family and kids are absolutely the biggest reason people move and upgrade their homes. This seems like an obvious example but sometimes it becomes complicated by how people go about…

The number one goal of your money should be to beat inflation. Your money will never grow in your bank account and most can’t save enough on their own without those funds also growing as it sits. If your money isn’t making money, will you ever be able to save in the near future? If…