Not exact matches
If you're as excited about this news as we are, then it'll be frustrating to see Europe get the Panamera wagon next year, but at
least you'll have time to
save up for your
down payment.
To accumulate a measly 5 percent
down payment for such a home, recent graduates should expect to spend at
least 12 years
saving up.
But Jen has other expensive goals too: She'd like to
save for a
down payment on a house, or at
least move out within the next three years, and beef
up her emergency fund too.
To prepare
for buying a home, you will want to have at
least 20 % of the purchase price
saved up for a
down payment, although lenders do make exceptions.
I think it would take me at
least another couple of years to
save up the cash
for a conventional 20 %
down payment, but the impatient side of me does not want to lose that investing time while I still have the lifestyle flexibility to easily move to a new place.
But it holds
up to scrutiny, as Trulia ran the numbers on renters who are looking to stay in one place
for at
least seven years who have
saved enough money
for a 20 percent
down payment on a 30 - year fixed - rate mortgage.