Quote:
Originally Posted by m4a1mustang
I say wait until you have a years worth of essential living expenses saved. So enough to cover 12 months worth of rent, car payment, insurance, food expense, and other necessities.
6 months is the minimum recommended safety net, but in this environment 12 months gives you more of a buffer.
In your case, just focus on saving for a down payment since your parents have the other expenses covered.
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Plus I don't think you'll be able to get a home loan with just 3 months on the job. Home loan requirements are pretty strict now. Just save up your money for now.