Ready to Buy?

Read answers to real questions about homes and mortgages.

Buying a Home

More than just an investment.


Buying a home can be exciting, challenging, and a little overwhelming—all at the same time. For most of us, it's the biggest purchase we'll ever make. And for many, it's the fulfillment of a dream.

Certainly, financial considerations are a big part of buying a house. But before you get caught up in sale prices and potential appreciation, remember this: Buying a home is about your quality of life, not just about making your money grow.

Making sure you're ready.


Once you've decided you really want to own your own home, there's a lot to consider to make sure you're ready to take on this kind of financial responsibility. Start with the following:
Keep in mind that if you make a down payment of less than 20% of the purchase price, you'll be required to purchase private mortgage insurance, an additional expense. Are you saving enough? Have you prioritized your savings? Make sure you're on the right track by reviewing these savings fundamentals.


(1109-10800)

The information on this website is for educational purposes only. It is not intended to be a substitute for specific individualized tax, legal or investment planning advice. Where specific advice is necessary or appropriate, consult with a qualified tax advisor, CPA, financial planner or investment manager.

Turning 50?

Get financial answers for this important stage of life.

New Book

Your Feedback

Do you have a question or comment about family finances?

Let Us Know

Investing involves risk, including possible loss of principal.

The information on this website is for educational purposes only. It is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, consult with a qualified tax advisor, CPA, financial planner, or investment manager.

The Charles Schwab Foundation is a 501(c)(3) nonprofit, private foundation that is not part of Charles Schwab & Co., Inc. or its parent company, The Charles Schwab Corporation.

© 2016 Charles Schwab & Co., Inc. ("Schwab"). All rights reserved. Member SIPC.