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Should you keep renting or buy a home?

I don't have any savings or access to a lump sum.


Because you don't have any savings or access to a lump sum, we recommend you do not purchase a home at this time.

  1. While there are an increasing number of zero down payment programs, you will also fact Closing Costs and many other one-time expenses as a homeowner. Insufficient savings may not prevent you from buying a home but it is a strong indication that you may not be prepared for the ongoing financial requirements of homeownership.

  2. If you want to be able to buy a home in the future, we suggest that you start an aggressive savings plan. If you have a plan and stick to it, you'll be surprised at how quickly your savings can add up!

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