Hi, I am in the process of saving money to buy a home and will be purchasing in the next 1-2 months. My mortgage broker told me I will only need 3% down, which would be about $11-12k. I currently have $22k saved, figuring there will additional expenses to come. My question is: should I keep building this savings, or start putting what I have been putting into my savings each month towards a personal loan I took out to consolidate private student loans. Also, how much should I put down of the money I have already saved? My credit cards are at 21% utilization and plan to have it around 15% by the time I’m ready to purchase.
Thanks!!
Submitted May 13, 2019 at 06:38PM by sarahluminary http://bit.ly/30kXdFQ
