Yeah, what everyone else says. Don’t even think about buying with no real savings amount. Also, I personally believe that anyone that doesn’t have at LEAST 20% to put down, shouldn’t be buying period.
Everyone is making great comments about building an emergency savings. And forget the stigma of renting (if there is even a stigma anymore)….. those that rented the past few years were really wise.
I own many properties free and clear and still rent. I loved the ability to be free to move around and not get tied down to the property. Only now that I had 2 kids in 3 years will I buy but I really loved renting the past 7 years…
But you’re definitely not ready to buy with no big savings or emergency fund aside..
