Elizabeth Ayoola

Thanks for that, Sean.

Thanks for that, Sean.

Thanks for that, Sean.

Up next, we answer a listener's question about home buying considerations. But before we get into that, a reminder, listener, to send us your money questions. Do you want to know how to diversify your stock portfolio? Have you been wondering about how to budget effectively to reach a new financial goal? Leave us a voicemail or text us on the Nerd Hotline at 901-730-6373. That's 901-730-NERD.

Up next, we answer a listener's question about home buying considerations. But before we get into that, a reminder, listener, to send us your money questions. Do you want to know how to diversify your stock portfolio? Have you been wondering about how to budget effectively to reach a new financial goal? Leave us a voicemail or text us on the Nerd Hotline at 901-730-6373. That's 901-730-NERD.

Up next, we answer a listener's question about home buying considerations. But before we get into that, a reminder, listener, to send us your money questions. Do you want to know how to diversify your stock portfolio? Have you been wondering about how to budget effectively to reach a new financial goal? Leave us a voicemail or text us on the Nerd Hotline at 901-730-6373. That's 901-730-NERD.

Or email us at podcast at nerdwallet.com.

Or email us at podcast at nerdwallet.com.

Or email us at podcast at nerdwallet.com.

To help us answer Nikki's question on this episode of the podcast, we are joined by mortgage nerd, Abby Badak-Doyle.

To help us answer Nikki's question on this episode of the podcast, we are joined by mortgage nerd, Abby Badak-Doyle.

To help us answer Nikki's question on this episode of the podcast, we are joined by mortgage nerd, Abby Badak-Doyle.

Abby, so I have a question for you. I am in a mom's group and I see a lot of people asking questions about how they can get into buying a home, even though they're on an extremely tight budget. So some people say they're barely making ends meet, but they're still looking for a way to buy a house. So what would your kind of thoughts be on that?

Abby, so I have a question for you. I am in a mom's group and I see a lot of people asking questions about how they can get into buying a home, even though they're on an extremely tight budget. So some people say they're barely making ends meet, but they're still looking for a way to buy a house. So what would your kind of thoughts be on that?

Abby, so I have a question for you. I am in a mom's group and I see a lot of people asking questions about how they can get into buying a home, even though they're on an extremely tight budget. So some people say they're barely making ends meet, but they're still looking for a way to buy a house. So what would your kind of thoughts be on that?

And what about people who are worried about PMI? Because I hear that all the time as well, that, well, if you don't put 20%, you're going to have to pay that PMI. Is that a myth to you?

And what about people who are worried about PMI? Because I hear that all the time as well, that, well, if you don't put 20%, you're going to have to pay that PMI. Is that a myth to you?

And what about people who are worried about PMI? Because I hear that all the time as well, that, well, if you don't put 20%, you're going to have to pay that PMI. Is that a myth to you?

So now that we've discussed down payments and closing costs, Abby, how can we actually fund buying this home? What are the options?

So now that we've discussed down payments and closing costs, Abby, how can we actually fund buying this home? What are the options?