You said when you spoke to your friend who recommended NACA to you, that you had $10,000.

Yeah.

And so a lot of times when people hear NACA and they hear no down payment, they think,

oh, you need no money.

Yeah, that's not true.

That's like one of these misconceptions, like, oh, it's no money down.

My credit can be 620.

But you need money to be in the program.

Absolutely.

I mean, any mortgage that you're going to have, things you have to pay for taxes, insurance,

like all of those kind of things.

In addition to that, NACA wants you to have a specific amount of money saved.

Me, I personally try to tell people, save about 3.5% of the loan amount that you're looking

for because that covers your taxes, insurance, and it should cover the cushion of a few

months that they require you to have as well because what they don't want to happen

is for you to be house rich and cash poor.

Because a lot of times what tends to happen to people is they'll pay their down payment

fees, all of those different things.

You didn't came out of 20, $25,000 or whatever the case might.

You've just spent 30 years of your life saving this money.

Now you just gave it away.

Now you have this house and when something goes wrong with this house or roof issue,

...