One of the biggest questions first-time buyers ask me is, "How much money do I really need before I buy?" And honestly, the answer isn't a one-size-fits-all number. In this episode, I'm breaking down why the old 20% rule no longer works for today's market, how waiting too long can actually hurt you financially, and what matters way more than your exact down payment percentage. I also talk about monthly affordability, emergency funds, and how to know when you're truly ready to leap into homeownership. Get ready to stop second-guessing and feel confident about when your time to buy really is.
In This Episode, You Will Learn
Why the 20% down payment rule isn't always true.
How rising home prices impact the cost of waiting.
The difference between minimum down payment vs. smart down payment.
How PMI really works and when it actually matters.
How different down payments affect your monthly payment.
Why your down payment can impact your offer strength.
How to know if you can truly handle homeownership financially.
The mindset shift that makes buying feel less scary.
Resources + Links
Connect with a first-time buyer agent in your area HERE!
Check out this Mortgage Calculator!
Get Your FREE Homebuying Masterclass HERE
Follow
Instagram: @iamstacierihl
Website: stacierihl.com
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