Home Buying Advice No One Tells You

Everyone tells you to save. Almost nobody tells you how. This session is the money one. Why one savings account is not enough, how to build a budget you will actually keep, why lenders look at your net income and not the number you tell people, and the difference between a living expense and a debt expense. Then we work a real example all the way through, so you can see how a household actually adds up on paper. Chapters: 0:00 The biggest purchase of your life 2:06 Why you need more than one savings account 2:49 Building a budget you can keep 5:25 Net income, not gross 10:56 Living expenses versus debt 18:00 A full example, start to finish 24:13 Saving versus investing 29:18 Adding up what you owe 31:21 Doing your own research ABOUT THIS CLASS Avenue teaches this class free, in English and Spanish, in person and online. Finishing it is a requirement for most down payment assistance programs. ABOUT AVENUE Avenue is a Houston nonprofit building affordable homes, helping families become homeowners, and supporting neighbors in our communities. We are a HUD-approved housing counseling agency and have served Houston since 1991. Sign up for a class: https://avenuecdc.org/ Download our FREE homebuyer's guide: https://avenuecdc.org/homebuyer-guide/