5 Strategies to Reach Your Down Payment Goals

Are you tired of renting and ready to take the plunge into homeownership? The first step in making that dream a reality is saving up for a down payment! Although 20% is not always standard, it’s still a good idea to have some money set aside for down payment and closing costs when the time comes! 🏡⁣

Kevin has 5 expert strategies to make sure you'll be well on your way to securing the funds you need to make your homeownership dreams come true! 🤩

  1. Set up automatic transfers from your checking to savings account monthly. It's even better if you keep that money in a high-yield savings account!
  2. Put aside additional income such as raises, tax refunds, and bonuses into your down-payment savings account. 
  3. Skip expensive vacations for a year! Staycations can be fun too!
  4. Reduce non-essential expenses such as digital subscriptions, or buying coffee every day! You know some extra dollars can be saved by making coffee at home, or going without Netflix for a bit!
  5. Get a side hustle, like pet sitting, ride-sharing, or freelancing! Some extra income can make achieving your goals a bit easier! 

Are you unsure on what type of home you can afford, and how much to save for a down payment? Kevin would be happy to help and put you in touch with a trusted lender who can talk through your options and goals on homeownership! Contact him today at 860-463-8587 or by email at [email protected]!

Post a Comment