Sentences with phrase «months saving up for the down payment»

Not exact matches

* $ 100k deposit on a $ 500k apartment (80 % LVR) * $ 80k deposit on another $ 400k apartment (80 % LVR) * $ 30k in stocks (see above for allocation) * $ 24k three months emergency fund placed in mortgage offset account (3 months of two mortgage repayments plus strate levies for both properties $ 18k, 3 mths living expenses $ 6k) * $ 16k left - > save that for building up another deposit / down payment for either a studio / 1or2 br apartment or a house

Of course you will want to save a portion of that income to build up an emergency fund for each house, but after saving $ 5,000 per house in an emergency fund, you will have an additional $ 1,000 per month in positive cash flow that you can use to build up your down payment for the next home.

You should pay down school loans, save up for a home down - payment, drive a cheap ride, purchase the proper level of insurance, enhance your credit and save three months» worth of cash in emergency reserves.

You must consider if it is worth it to pay PMI each month to receive other benefits of homeownership or if it would be in your best interest to save up for a few more months and put a larger down payment on the property.

If you can pay that much extra each month, you'll be done paying back your student loans in no time, and can get on with the other big financial goals in your life (like saving up for a home down payment or a car).

We set up a targeted savings account for our down payment, and automatically saved money in the account each month.

If you have room to build up your credit or need to save more for a down payment and closing costs, add an additional three or more months.

If you have room to build up your credit or need to save more for a down payment and closing costs, add an additional three or more months.