Saeyang Realty

Saeyang Realty Hey there! I’m Lisa, a Sacramento and surrounding area specialist. Looking for a Realtor? I got you!

02/03/2025

Are you tired of renting?
I hear you. Your goal is to own your own home!

How much do you need in total?

1. Down Payment

The minimum down payment is 3% for first-time homebuyers

The average person puts down 9%…

How much should I put down?

There’s no right or wrong answer. Every scenario is different, but GENERALLY your down payment will impact your mortgage payment, interest fees and buying power.

The MORE you put down, the better. Remember to save what’s realistic for your personal situation.

2. Closing Costs
Closing costs are usually between 1-6% of your purchase price…
AND this is in addition to your down payment.

The average a person pays is 3%, so double down your downpayment for your necessary cash to close

3. Emergency Fund
Not required at all! But it’s smart to have for a rainy day. I suggest 3-6 months of expenses set into a High-Yield Savings Account for emergencies.

Lisa Cooper, REALTOR
Servicing Sacramento and Surrounding Areas
[email protected]
DRE 02122507
Real Broker

01/09/2025

Here’s how it works:

You buy a single family home with extra rooms, duplex, triplex or quadplex
You live in one door and rent out the rest
Your rental income pays for most if not all of your mortgage and living expenses

“I don’t want to live with anyone. Why should I do that?”
It’s affordable! Owner-occupied homes are attainable with a mortgage down payment of as little as 3%. Even better if you’re a veteran, 0% down and no Principle Mortgage Insurance.
It’s low risk! You get hands-on experience at managing a property because you’re in it.
It builds wealth! You have tenants who pay down your mortgage while you reap the reward of property appreciation aka equity.

It’s an amazing way of getting your feet wet and setting yourself up for more investments in the future.

Investments not for you? That’s okay! It still allowed you to achieve homeownership when you thought it was unattainable.

DM me and we can create a plan for you!

Lisa Cooper, REALTOR
Servicing Sacramento and Surrounding Areas
[email protected]
DRE 02122507
TGG | Real Broker

Address

1610 R Street, 3rd Floor
Sacramento, CA
95811

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