January 1st, 2019

5 ways to save for a down payment in 2019

5 ways to save for a down payment in 2019

Saving for a home can be a daunting challenge. But if you’ve made purchasing a home in 2019 on of your New Year’s resolutions, your friends at Willis Allen Real Estate are here to help.

Tips for saving your down payment in 2019

Pay off your credit cards. High interest rates on credit cards can seriously derail your savings plans. Start with the credit card that has the highest interest rate. Pay it off, close the card and proceed to the next. You can also transfer all your debt to the card with the lowest interest rate to save some dough along the way to debt-free living.

Do your research. There are lots of homeownership programs available, and some even help with down payment and closing costs.

Get creative with your mortgage. Your Willis Allen Real Estate agent can connect you with a qualified mortgage broker who might be able to help you finance your home with less money down.

Go on a spending diet. You might be surprised how much money you can save by just putting your mind to it. Challenge yourself to be thoughtful about your spending for an entire month. Then, reevaluate your budget and see where you could make your new habits permanent.

Skip the wedding registry. If you are planning to get married in 2019, forgo a traditional wedding registry and instead use an online site to collect cash gifts for your down payment.

Whenever you are ready to make your next home purchase, Willis Allen Real Estate is here to help!

Posted in Home Tips, Uncategorized.

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