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Posts from July 3rd, 2017

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July 3rd, 2017 by

8 Ways to Save For A Down Payment On A House

Simple Ways to Save for a Home

Coming up with the down payment for a home is one of the biggest roadblocks for many first-time buyers. Many lenders require a down payment of 20 percent, which can be quite a chunk of change. Although there are lending programs that can take that percentage as low as 3.5, with 20 percent you'll have a better chance of getting approved for a loan, a lower interest rate, more equity in your home, and a lower monthly payment. There are closing costs to consider as well. While saving for a house may seem daunting, there are simple ways to cut costs and squirrel money away.

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