Time to start saving

I'm a big cheerleader for new home buyers to try to save money before they buy a home. I want you to be able to afford the home. I want you not to go into foreclosure.

In the past few years to many people bought homes with no money down and no savings in the bank. Hello, home ownership takes money!!!!! What happens if the furnace breaks down, or the roof leaks. Where are you going to get the money? Homes cost a lot of money. Ask anybody. All homes are money pits. You can throw all the money in the world into a home and it will disappear.

Mulch the flower beds, put flowers in, change a light fixture, fix the running toilet, or the dripping faucet. All of these things are going to cost you $25.00 just to get you started. If you lived in an apartment or with Mom and Dad you complained to management and it was eventually fixed.(Maybe) Well now it is up to you to get it done. You may be able to fix it yourself, or with a friend's help, but you may have to pay to have it fixed. You need money, not the VISA card. You don't want to bury yourself in debt. You might even have to buy the tools to fix the problem.

Do yourself a favor. Save 2 or 3 months of your projected mortgage payment with taxes and insurance as a back up. They had a word for it "a rainy day fund" It's not new but many people in foreclosure never had one or bothered to think about it. There is no reason to lose your house if you plan ahead. (Unless you have health problems and or unable to work)

I would rather not have your business today if you have the ability and foresight to save your money for a safety net. There is lots of good homes out there at a reasonable price. Homes are not going up in price in the near future. Save your money, get a good deal on a home. You'll thank yourself later as some of your friends, family, or co-workers are losing their houses.

If you have questions on what a home payment will be contact me at my website www.russravary.com I will be glad to figure out your mortgage payment and what it will cost you to get into a home.

If your troubles seem insurmountable ask a friend or loved one to help you solve them.
Russ Ravary