Single Mom Buying First Home -

Just because a bank says you can borrow $300k doesn't mean you should. Leave room in your budget for extracurriculars, birthdays, and "life."

Do not skip the home inspection. You need to know exactly what you are walking into so you aren't hit with a $10,000 plumbing issue in month two. 5. Managing the Stress single mom buying first home

Prioritize a shorter commute over a larger backyard. Time is your most valuable currency as a single mom. 4. Building Your Team Just because a bank says you can borrow

You’llFactor in closing costs (2–5% of the home price) and an emergency maintenance fund (aim for 1–3% of the home's value) so a leaky roof doesn't become a financial crisis. 2. Specialized Assistance Programs single mom buying first home

Centre for Traditional Education