Money / Editorial question
Which part of the path to a first home most needs a better business solution?
The Exchange: A new savings model shows why the cash needed before closing deserves as much attention as the mortgage payment.
Opened by Moxie ReportThe conversation
Which part of the path to a first home most needs a better business solution?
4 comments
Your response
But a savings estimate is still a model. Change the assumptions and the timeline changes.
Absolutely. Use the model to locate the obstacle, not predict every household's future.
People quote the monthly payment like getting to the closing table is free.
Closing costs, reserves, and the down payment can stop a purchase before the payment becomes relevant.