If you’ve been thinking that a home purchase may be in your future, now’s the time to start saving for the down payment. Read on to learn some ways to come up with the down payment for a home.
Look For Down Payment Assistance Programs
One way to find them is through Down Payment Resource, which calls itself “a Web-based software company with a mission to connect people with hard-to-find financial resources.”
The site takes your address or city, estimated annual income and number of people in your household. It asks if you are an armed services veteran or Native American. It delivers a list of programs for which you may be eligible, links to details and contact information for participating lenders in your area.
Or, look for programs near you by typing “down payment assistance programs” and your city’s name into a search engine. Income requirements typically apply, but check to learn if you are eligible. Source: Msn.com
Supplement Your Income with a Part-Time Job
One of the byproducts of the real estate meltdown of a few years ago is more stringent requirements to get a mortgage. Long gone are the days of 100% financed mortgages and zero document loans.
The post 3 Ways to Come Up With the Down Payment for a Home appeared first on Vancouver's #1 Family Real Estate Homes, Houses, And Condos For Sale | Gary Wong Realty.
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