1. Cut back expenses without cutting out services Cutting costs is the obvious place to start when you want to save for a down payment. When you eliminate an expense, you can move that money over to your savings. Look at the costs in your budget you know you wouldn’t miss — and cut
1. Set a specific goal It’s hard to make a plan of action if you don’t know where you want to go. Look at how much it will cost you to buy a home in 2017. What amount of money do you need to save for that down payment? Your best option is to
Unique or unusual home? Comparable sales may not exist The Rennies quickly realized that recent sales near them wouldn’t be the perfect way to gauge their home’s value. “We had interviewed several agents, and most came back with prices for homes that were not truly comparable to ours, because we had a unique older home
An area geared to young professionals differs greatly from a family-friendly neighborhood. Learn what to look for when you’re starting a family. You still love that darling little home for sale in Alexandria, VA, you were so lucky to snag, the one that sits right in the middle of all the action. But now it’s
3 Reasons Why Renters Should Avoid Debt Consolidation Loans Debt consolidation applications can affect your credit score Are you renting your home because you’re saving up for a down payment to purchase a home in the near future? Will you need to finance a car purchase soon? Have you thought about going back to school
Motivation: Understand the long-term impact of one extra payment Before you decide how you’ll make an extra payment this year, use Trulia’s mortgage calculators to understand why making an extra payment can save you years of payments down the road. For example, say you begin paying back a $150,000 mortgage with a 4% interest rate.
The temporary option For a growing family, the best-laid plans often have to shift — sometimes in the best possible way. The Harolds welcomed their first child while Adam was in nursing school. It was a challenging situation, but the couple made it work with one income and some help from family. But they realized
6 Ways for Buyers to Maximize Their Time at an Open House 1. Request a private home tour before the open house Private showings are good for buyers who want to take their time and inspect a property without the seller’s agent hovering. Ask your agent to snag an appointment before crowds of other buyers