How Much You Should Have Saved Before Buying a Home

[Ralph DiBugnara]

Down payments aren’t the only thing you need to save for when buying a home. Closing costs can be thousands of dollars, and you may need to foot the bill for inspections, home repairs, or even fun things, like new furniture. To make the home-buying process less stressful, it’s a good idea to keep a few months of reverses of your proposed mortgage payments.

How much money do you think is a safe amount to have before closing on a home?