: You must have 8 to 12 months of living expenses saved in a separate account after the down payment is paid.
According to Suze Orman's blog, you should not even consider house hunting until you have checked these four boxes: suze orman buying a home
A central theme in Orman's advice is that your lender’s "pre-approval" amount is irrelevant. Does buying a home still make sense? by Suze Orman : You must have 8 to 12 months