How to Save for a House (Do’s and Don’ts to Save for a Down Payment)

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In this video, I go over some ways to save for a house and the do's and don't to save for a down payment.
📖 Read more about this topic:
How Much House Can I Afford? - erika.com/mortgage/how-much-h...
What Do You Need to Know About Mortgages? - erika.com/mortgage/what-is-a-...
How Long Is a Preapproval for a Mortgage Good For? - erika.com/mortgage/how-long-i...
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Disclaimer: I am not a financial advisor. Although I am a lawyer by profession, I am not your lawyer and no attorney-client relationship is established with you in any way. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial or legal advice.

Пікірлер: 35

  • @Erika2
    @Erika2 Жыл бұрын

    📹 Watch the Erika Taught Me podcast to level up your life: www.youtube.com/@erikataughtme

  • @Erika2
    @Erika23 жыл бұрын

    Don't forget to scroll up and hit the thumbs up! Have a great day :)

  • @carteraideb5755

    @carteraideb5755

    3 жыл бұрын

    ( +4-4-7 - 8-6-8 7-2-6 - 0-5-8)

  • @smmaistheway
    @smmaistheway3 жыл бұрын

    I love how your videos are always so straight to the point..its so rare these days to find videos like this on YT. Not just the but the quality of information you give is amazing

  • @michellet204

    @michellet204

    3 жыл бұрын

    Exactly! She cuts right to it

  • @michaeljenkins6737
    @michaeljenkins67373 жыл бұрын

    Thank you for all the encouragement and the help that you give so that we can live a better life

  • @robbieoffiveoaks3297
    @robbieoffiveoaks32973 жыл бұрын

    Nice timing ! I have a daughter and a Friend getting ready to buy ! Great information again !

  • @Losfirstduty
    @Losfirstduty3 жыл бұрын

    Thank you for the content and tips in this video. For sure buying a house can be a challenge without knowledge and a plan. Love today's video topic. Thank you Erika.

  • @edbreen8394
    @edbreen83943 жыл бұрын

    Excellent video with great tips Erika! Keep up the great work.

  • @zrobert66
    @zrobert663 жыл бұрын

    Thank you Erika I appreciate your time Blessings 👏

  • @edb484
    @edb4843 жыл бұрын

    I’m saving up for a house myself in the Dallas area. Love to see your videos

  • @smtrammell
    @smtrammell2 жыл бұрын

    Thanks for making learning easier! Love your videos!

  • @kongphengyang1976
    @kongphengyang19763 жыл бұрын

    Hi Erika! Very informative video. Thank you.

  • @JOHN-ht6zc
    @JOHN-ht6zc3 жыл бұрын

    THANK YOU Erika....

  • @timwindsor03
    @timwindsor033 жыл бұрын

    Awesome video ERIKA. Thanks for sharing. Very informative. Keep bringing the incredible content. Always a pleasure seeing your beautiful face and smile. Hope you have an amazing day.

  • @michellet204
    @michellet2043 жыл бұрын

    Lovely video as always Erika! I have a “future home” fund started in a seperate Discover high yield account!!!

  • @michaelsafford4781
    @michaelsafford47813 жыл бұрын

    Hi Erika. Your amazing. I'm currently looking for a house in Indianapolis. This video is most helpful.

  • @xo7454
    @xo7454 Жыл бұрын

    Pls make a video comparing pros and cons of buying vs renting a home.

  • @drlee5099
    @drlee50993 жыл бұрын

    Thanks i was just starting to save for a house down payment

  • @josephjones836
    @josephjones8363 жыл бұрын

    'House fund', I like immediately.

  • @FinanciallyFitTV_
    @FinanciallyFitTV_3 жыл бұрын

    🔥🔥🔥

  • @jenniferaquino8788
    @jenniferaquino87883 жыл бұрын

    Can you help with which IRA are the best one for saving? If you can help

  • @thyrel

    @thyrel

    3 жыл бұрын

    Pay down or Pay Off Debt. ...teylegrraam.. Crytoodan,,,

  • @Arizona_lilly
    @Arizona_lilly Жыл бұрын

    Only 3-5% here and for PMI 20%

  • @Kpopies_GotNoBrain
    @Kpopies_GotNoBrain Жыл бұрын

    0:22 1:30 2:15

  • @Teech_
    @Teech_3 жыл бұрын

    she said sub-scribe and not sus-scribe. I can get use to it :D

  • @rodneycollier3556
    @rodneycollier35563 жыл бұрын

    🤠👍

  • @Angelo-mv1lu
    @Angelo-mv1lu3 жыл бұрын

    Saving for a house in California pray for me 😫

  • @jorgeberruete4537

    @jorgeberruete4537

    3 жыл бұрын

    Get a 2-4 unit house so you can rent out the other units to pay for your mortgage 👍🏻😎

  • @therock1232100
    @therock12321003 жыл бұрын

    If you want to be wealthy, don't throw your money into buying a house. Invest in money making assets, not liabilities.

  • @Answers721

    @Answers721

    3 жыл бұрын

    You have to own a home to be wealthy. You can also have other assets as well.

  • @therock1232100

    @therock1232100

    3 жыл бұрын

    @@Answers721 Wrong. Wealthy lease their homes. You have some misinformation. You don't get wealthy by owning your own home. It not the 1950's. It's a liability. You obviously haven't read Rich Dad, Poor Dad. You own things that make you money, not liabilities.

  • @HorizonMatter

    @HorizonMatter

    3 жыл бұрын

    @@therock1232100 What she can mean in this video is also just that--own your home to lease to somebody else.

  • @financialeducationwithloui7006

    @financialeducationwithloui7006

    3 жыл бұрын

    @@Answers721 You don't have to own a house to be wealthy, but I think owning offers many advantages. If you are going to live in the house or rental for a long period of time, I think owning is better. If you are going to live there for five years, then owning does not offer a wealth advantage because the fees and low growth. I agree with a house being a liability as Robert Kiyosaki says, but I am not of the position we should not say, don't buy a house.

  • @stevenporter863

    @stevenporter863

    3 жыл бұрын

    @@Answers721 No, a house you live in (without any rental income) is a liability. Just look at your cash flows - it costs you money. Appreciation is just the refection of inflation - not wealth, but running to stand still over the long term. A house to live in is something to be purchased with wealth, not build wealth.