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Strategies for Saving Up for a Down Payment

While it may happen at different times for different people, becoming a homeowner at some point is a usually a priority. The pride of ownership, the freedom to do what you want with the space, investing in your own home; everybody has their own reason, but the goal is the same.

While most people would like to buy a home, there are a few ...

How to Get Started on Your Down Payment Savings

Down payments can sometimes be an obstacle that stand between a first time home buyer and their dream home; but they don’t have to be! Putting down an initial lump sum of cash is no small investment. Typically, the rule of thumb for mortgages is to put down is 20% of the homes initial price. However, many people end up putting down less than...

First Steps in Buying a House: Saving & Mortgage Pre-Approval

Purchasing a new home can be an overwhelming task, especially if it’s your first time. However, there are millions of people who have successfully purchased houses before; meaning you can get through this process smoothly with a bit of planning and education. Notably, after doing your homework well, you will have a good chance of qualifying for...

Is a Zero Down Payment on a Mortgage a Smart Move?

There are many different types of mortgages out there that vary in terms, rate, length and more. However, zero down payment mortgages can sometimes catch first time home buyer’s eye, since a down payment is a large sum of money. Although zero down payments sound great in theory, it is not always the best option for buyers.

How to Save for a Home Effectively

Buying a home is one of the most exciting purchases you can make. However, it is also a huge financial decision and you must be sure you’re ready to take on the financial burden of home ownership. Setting savings goals to buy a home is one of the best ways to financially prepare yourself. Still, it is easier said than done to always stick to...

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