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3 Mistakes to Avoid When Saving for a Home

3 Mistakes to Avoid When Saving for a Home

With mortgage rates plunging to record lows, now's a good time to become a homeowner. It's an extremely smart idea to have an emergency fund with enough money to cover three to six months of essential bills. Second, if you raid your emergency stash to buy your home and then get caught in a financial crunch, you'll risk falling behind on your mortgage payments.