Construct a Healthy Savings Account
If there is anything more important than your down-payment or closing cost, then it's your savings account. Your lender is eager to see that you're not living paycheck to paycheck. If you have three to five months' worth of mortgage payments set aside, that makes you a much better loan candidate. The money in your account will help you with maintenance and repair issues when you buy a new house. Money should be set aside every month and plan to spend 2.5 to 3 percent on maintenance.
