This is the last Money Marching Order to be covered!MMO8: Buying a HomeWhy is this the last MMO?Need emergency fund before buying a homeHave retirement automatedHave non-retirement savings automatedWhen to buy?Stable duty assignment of >2 years Have down payment saved of at least 5%How to buy?VA MortgageFunding Fee at closing of 2.15%No down payment requiredConventional MortgageRequired at least 5% down paymentNo funding fee (lower closing costs)Private Mortgage Insurance (PMI) if less than 20% downHow much should monthly payment be?25-35% of take home pay OR no more than Basic Allowance for Housing (BAH)When NOT to buy?No down payment savedUnstable duty station (2 years or less)Right before deploymentConnect with me:www.linktree.com/timmemakwww.instagram.com/timmemakhttps://www.veteransunited.com/va-loans/