Want To Start Saving For A Down Payment? Try These 4 Money-Saving HacksPosted by Larry Tollen on
Buying a home is one of those big milestones in life that many expect they’ll do someday but aren’t quite sure how to get there. In order to be approved for a mortgage, you’ll need to overcome the first and biggest hurdle: having enough money for a down payment. Saving for things is hard, especially when you’re trying to save up a considerable amount. That being said, these savvy money-saving tips might be just what you need to help you get there, sooner rather than later.
How Much Money Do You Need For A Down Payment On A Home?
The amount you’ll need for your down payment will greatly vary depending on your lender and financial situation. Typically, down payments range from 5% to 20% of the home’s value, so a home that’s $250,000 and a loan…
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