Finances

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Why You Need to Have an Emergency Fund

         Accidents happen, your car breaks down and needs repair, you lose your job. Any of these things can happen at anytime. That’s why it’s imperative that you have an emergency fund for when rainy days happen, and they will happen believe me. First thing is first, try to make sure you have a bank account for emergencies only, be sure to have enough saved up for 3-6 months living expenses. That way, lets say you do lose your job,...

Tips for Buying a House

  Be sure to have at least 20% down payment By having a 20% down payment ready when you go to purchase a new home not only will it lower your monthly mortgage rates, you won’t have to pay for private mortgage insurance. If you don’t have the 20% down payment more often then not you’ll have to have private mortgage insurance….to make things simpler you’ll have an additional payment in addition to a mortgage each month.   Mortgage shouldn’t...