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What’s waiting to buy costing you?

Author: Staff
Publication date:
November 11, 2020
Article Summary: 

The article discusses whether waiting to buy a home is costing potential buyers more than they realize. The article presents two options: save for a larger down payment or buy now with a smaller deposit. The article explains that waiting to save for a larger down payment could end up costing more in the long-term, as the property price may appreciate and the buyer may face additional costs. On the other hand, buying now with a smaller deposit means paying more in interest and mortgage loan insurance, but the buyer could save more in the long-term as they would have already entered the market and started building equity. The article emphasizes that getting into the market now can mean serious savings over time. The article provides calculations to help readers understand the costs associated with both options.


home buying, down payment, mortgage loan insurance, saving, property price, equity.

Source Citation: Staff
What’s waiting to buy costing you?
November 11, 2020
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