Updated: Jun 4, 2021, 10:51am Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn t affect our editors opinions or evaluations. Getty
One of the most difficult feats to homeownership is having enough cash upfront for a down payment, particularly when home prices are skyrocketing. And it’s even harder if you’re a first-time homebuyer or on a tight budget.
A down payment can easily reach $10,000 or more on top of required cash reserves, deposits and money for closing costs. For example, if you buy a $300,000 home and have to put 10% down, you’ll owe $30,000 upfront. And that’s not including closing costs, which can be anywhere from 2% to 5% of the loan amount, or between $6,000 and $15,000 more.
You can’t control the weather. But you can control how you prepare and react. We talked to experts about common mistakes people make before, during and after a hurricane. Here’s what we found out.
Everyone seems to want cryptocurrency these days. But to get in on the action, you’ll need a crypto exchange where you can buy and sell digital currencies, like Bitcoin, Ethereum and Dogecoin.
To help you pick the right one, Forbes Advisor combed through the leading exchange offerings, and reams
1. Gasoline
There’s not a shortage of gasoline, per se rather, there’s a shortage of truck drivers that’s slowing down the pace of fuel deliveries. Gas prices typically rise with demand in the summer months, especially around the Memorial Day and Independence Day holidays.
But delayed deliveries in some parts of the country could keep prices consistently higher this summer than we’ve grown accustomed to during the pandemic. In May, the average price per gallon hit $3 for the first time since 2014.
2. Coffee
A drought in Brazil which produces about one-third of the world’s coffee beans means crops are smaller than usual. In addition, two shipping issues are keeping your caffeine jolt from getting to you quicker: a run on shipping containers and backed-up ports. The price of a pound of ground coffee went up about 12 cents between March and April 2021, according to the Bureau of Labor Statistics.