With mortgages hovering above 6% and inflation continuing to drive up prices for consumers, many potential homebuyers may feel their savings strained. House hunters may also be unaware of the many hidden costs of home buying. Ramsey Solutions Master Financial Coach and Debt Elimination Expert Jade Warshaw joins the Live Show to break down the hidden costs potential homebuyers need to consider. In addition to the hidden costs, Warsha states, "At the end of the day, I always tell people, don't let the market determine if you're ready to buy: you determine if you're ready to buy...The best way to enter into buying a house is to make sure you've got no debt, you've got three to six months of expenses saved, and then as a first-time home buyer, if you can scrounge up 5% to put down, I'm very happy for you." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

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