Try these 5 tips when saving for a down payment:
1. Pay off debt (particularly high-interest credit card debt) as much as possible.
2. Set up an automatic savings deposit.
What’s not seen can’t be spent.
3. Reduce rent costs. Move in with family, take in a roommate, or find a cheaper place to live.
4. Eliminate unnecessary living expenses:
gym membership, subscriptions, cable TV, etc. Consider going to cash-only basis when shopping.
5. Evaluate credit cards and select those with low interest and/or cash back incentives.
Ready to start looking at houses? Schedule your strategy call today.
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