Your Dream Home

1. Start small. Even if you can only afford to put away a few bucks each week, it will add up over time.
2. Automate your investments. Set up a direct deposit from your paycheck into a separate investment account.
3. Have a clear goal in mind. When you know exactly how much you need to save, it will be easier to stay on track.
4. Keep track of your investments: It is often crucial to check the health of your savings and rebalance them if needed.

The answer, as with so many things in life, is "it depends." Several factors including your personal financial situation, your goals for the future, and current market conditions - will all play a role in determining the right down payment for you.

However, as a general rule of thumb, most experts recommend putting down at least 20% of the purchase price. With a healthy down payment in hand, you'll be well on your way to owning your new home.

The answer, of course, depends on your individual situation. If you have the savings to cover the down payment and closing costs, then buying outright may be the best option.

However, if you don't have the full amount on hand, taking out a loan can help you get into your dream home sooner.

There are a few things to consider when making this decision.

First, do you have a steady income that will allow you to comfortably make monthly mortgage payments?

Second, how much do you expect your income to grow in the next few years? If you anticipate a significant increase, you may be able to pay off the loan more quickly.

Finally, how much risk are you willing to take on? If you're comfortable with a bit of financial risk, taking out a loan may be the right choice for you.