Preparing for a Down Payment

Great article!



Maybe your New Year’s Resolution is to buy a house. Because it is more expensive in some ways, renting can make it difficult to tackle a down payment.

Starting as early as possible is a wise decision.’s Craig Donofrio wrote a great article with three things to keep in mind when preparing your down payment.


Planning ahead and being diligent can lead to a higher down payment which helps not only secure a mortgage but a good rate. It can also help you to forgo mortgage insurance and avoid starting off owing more than your home is actually worth.


Budgeting and having savings automatically deposited are two ways to ensure the saving starts happening. Donofrio also suggests considering low-risk investment opportunities to keep it more secure and difficult to tap into if times get a little tough. Remember: for all…

View original post 182 more words


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: