Tips For Getting Your Down
Payment Faster!
Looking to buy your first
home, but having trouble coming up with the down payment? Typically you need to have between 5-50% of
the purchase price of your home, so here are a few tips to help you save your
down payment faster!
Save Your Tax Refund-Doing
this alone for a few years may add up to a considerable amount to contribute to
a down payment, especially if both you and your spouse commit to contributing
the full amount.
Set Up A Savings Plan-This
is a great way to make a regular contribution to your down payment fund, and
with accounts that allow you to round up all your purchases and automatically
deposit them into your savings account, this can be an easy way to save money
quickly.
Sell Unwanted Items-This
can add a considerable sum to your down payment fund, and is also a great way
to get rid of unwanted items before your move.
Check Out Government
Programs-There are a number of government programs available, depending on your
area, that can assist you in saving for a home, especially if you are a first
time buyer.
Dip Into Your Retirement
Fund-Be sure that you consult a financial advisor before choosing this option.
Some government programs offer this option with no penalty, and it is certainly
worth looking into.