Postcard from Banff and a Homebuyer Tip – Don’t Forget to Leave Room for Life!
Today’s Weekly Update is coming to you from the breathtaking Canadian Rockies! And let me tell you—pictures just don’t do it justice… but that didn’t stop me from trying. I’ve shared a few of my favorite shots. If you’re traveling this summer, I’d love to see your favorite photos too!
Vacations like these are a great reminder of why we do what we do—to make space for rest, joy, and connection. Alok and I always try to carve out a couple of trips for just the two of us, and a few with the kids and grandbabies. We love our family dearly, but let’s be honest—we all need a little “me time” too.
That brings me to something I often tell my first-time buyers:
You don’t have to put 20% down.
I know, I know—friends and family may insist on it to avoid PMI. But here’s the thing: with strong credit and a solid debt-to-income ratio, PMI often isn’t a dealbreaker—and it may be far more affordable than you expect.
My advice?
Make sure you leave room in your budget—not just for emergencies, but for living. Life happens. I never want my clients to be house-rich and cash-poor.
Not sure what PMI would actually cost you?
If you’re on the fence about putting down less than 20%, I’m happy to run the numbers. Let’s see what PMI would actually cost you over the next few years—and whether that money could work harder for you elsewhere. You might find that keeping some of that cash for other goals (or just peace of mind!) is the smarter move.
One more tip:
Just because you qualify for a certain loan amount doesn’t mean you should stretch that far. Choose a monthly payment that feels comfortable to you. Leave room for life—trips, celebrations, unexpected expenses, and peace of mind.
Your home should be a place of joy, comfort, and beautiful memories—not financial stress.
Let’s work together to make sure you’re buying a home that fits not just your budget, but your lifestyle.
The BankSouth Mortgage Advantage:
Experience the speed of ReadyApprove from BankSouth Mortgage, where you can secure conditional approval for conforming loan limits within hours.
With ReadyLoan®, you can make this process even easier. Our digital platform lets you apply, track your loan progress, and submit documents securely—all from your computer or mobile device. You’ll be armed with the confidence to quickly submit an offer, and the seller will see you as a serious, prepared buyer.
Have peace of mind with our FREE one-time rate float-down* and no lender fee refinance options!
When you purchase your home with me at BankSouth Mortgage, you may be able to refinance later with no lender fees.** This program offers flexibility as life changes, with the potential for savings when it matters most.
* One-time float down available on 45-120 day rate locks. Float down must be executed at least 15 days prior to closing and must be at least .125 improvement. ** This offer may change or end at any time without notice. “No Lender Fees” refers to waived origination charges. Eligibility conditions apply. Subject to credit and property approval.
Blog post date: Thursday, July 17, 2025
