Читать книгу Mutual Funds For Dummies - Eric Tyson - Страница 73

A place to call your own is certainly the most tangible element of the American dream. Not only does a home generally appreciate in value over the long term, but it also should keep you dry in a thunderstorm (assuming, of course, that you have a good roof!).

To get the best mortgage terms for a house, you should aim for making a down payment of 20 percent of the purchase price. (For a $250,000 home, that’s $50,000.) So unless you have some other sources available (such as a loan from your parents), you have some saving up to do.

If you’re looking to buy a home soon, then a money market fund is the best place to store your down payment money (see Chapter 11). If your target purchase date is in a few years, then consider a short-term bond fund (see Chapter 12). In the rare case that you start saving a decade or more in advance, you can choose a balanced mix of stocks and bonds.