Step :
Saving for Homeownership
Test Your Knowledge: Saving for Homeownership
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Test your Knowledge
In addition to saving for a down payment, what other expenses should you consider when buying a home?
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These are all expenses you should consider when you are preparing to buy a home.
2 of 3
Test your Knowledge
Your debt-to-income (DTI) ratio can affect the interest rate of your mortgage.
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Your DTI ratio will be a strong factor when determining how much you'll be approved to borrow, your interest rate, and other loan terms.
3 of 3
Test your Knowledge
Budgeting is not important when saving to buy a house.
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Budgeting is a tried-and-true method for understanding your total income and expenses, giving you a clear view of your spending habits, and where your money is going.