This week’s money mood: Homebuyingpalooza

Over the last few months, the housing market has been … intense, with prices and competition soaring through the roof (OK, yes, pun intended). And it makes sense, as the pandemic has a lot of people thinking deeply about how — and where — we want to live our lives. (Also, interest rates are super low.)

If you’re dreaming of new digs, good news: Ellevest’s team of money coaches have put together a ton of resources to help, whether you’re looking to buy this year or someday down the line. That includes a live event, new 1:1 coaching sessions, and two packed articles to help you understand and navigate the process. Check them out below.

Cheering you on (and crossing our fingers your offer gets accepted),

— The Ellevest Team

People video conferencing on a computer screen with speech bubbles above it and a house behind it. Illustration.

Thinking about your future dream house?

Join a casual, virtual Q&A where our coaches will answer your pressing questions about homebuying: from budgeting for your down payment to refinancing your home loans. The future may be closer than you think. 🔮

SIGN UP FOR $10>

Woman waving from a computer screen while another walks toward a house. Illustration.

Get those keys in your hand

Our 1:1 Homebuying Strategy Session will help bring you even closer to your homeownership goals. An Ellevest coach will walk you through the homebuying process to help you figure out what you can afford, how you can afford it, and how to get the keys to your dream home.

BOOK NOW >

debt-to-income ratio

Aka DTI. Determined by dividing your monthly payments by your monthly income. Mortgage lenders look at this percentage because they want to know whether you’ll have enough money to comfortably pay them back each month.

Text graphic that reads, “Hello, future homeowner.”

6 steps to get ready to buy a house

If you’re thinking of buying someday, you’re going to want to go into the process as financially prepared as possible. Here’s a good place to start.

GET THE TIPS >

A real estate “for sale” sign that says “sold.” Illustration.

4 things for first-time homebuyers to know

But once you’re ready to hit “go” on your dream home search, you’ll want to start the process with a good understanding of what comes next.

Small $$ win of the week

“I got pre-approved for a mortgage (at age 23)! I’m so excited to stop paying rent and start building equity for my future.” 💸

— Bethany, an Elle Raiser from Chicago, IL

Share your latest small money or career win with us here. We want to celebrate you!

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This newsletter was copyedited by Tasbeeh Herwees while listening to the birds chirp outside her Los Angeles home. Forward it to your friends who are ready to make a big change of scenery.

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All opinions and views expressed by Ellevest are current as of the date of this writing, for informational purposes only, and do not constitute or imply an endorsement of any third party’s products or services.

The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice.

The information provided does not take into account the specific objectives, financial situation, or particular needs of any specific person.

Investing entails risk, including the possible loss of principal, and there is no assurance that the investment will provide positive performance over any period of time.

Banking products and services are provided by Coastal Community Bank (“Coastal”), Member FDIC, pursuant to license by Mastercard International. Your Ellevest Spend and Ellevest Save account deposits will be insured to the regulatory limits by the FDIC through Coastal Community Bank, Member FDIC.

Funds held in your Ellevest investment accounts are not FDIC insured, not guaranteed by Coastal, and may lose value. Ellevest does not guarantee investment performance.

Ellevest Membership fees are as follows: Ellevest Essential is $1 per month, Ellevest Plus is $5 per month, and Ellevest Executive is $9. Other fees as described in Ellevest’s Wrap Fee Program Brochure and the Ellevest Membership Terms and Conditions Agreement will continue to apply.

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Money Cheat Sheet: Is a Home 🏡 In Your Future?

This week’s money mood: Homebuyingpalooza

Thinking about your future dream house?

Get those keys in your hand

debt-to-income ratio

6 steps to get ready to buy a house

4 things for first-time homebuyers to know

Small $$ win of the week

Join to get up to 50% off coaching, plus free workshops and courses.

This newsletter was copyedited by Tasbeeh Herwees while listening to the birds chirp outside her Los Angeles home. Forward it to your friends who are ready to make a big change of scenery.

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