In this episode, Art answers questions about down payments on homes and how newlywed couples can combine their finances. Art also talks to Lisa Zeeveld, the COO of Belay Solutions, about being the world’s greatest virtual employee.
Here are the questions we answer:
Question 1: What’s the best way for a newly married couple to go about combining their finances?
Question 2: Is it really necessary to save 20 % to buy a home?
Here are the three questions which you should be able to answer “yes”:
- Do you plan on living there for at least 5 years?
- Will your mortgage payments be less that 30% of your after-tax pay?
- Do you have at least 20% for a down payment?
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