{"id":20501,"date":"2022-03-02T17:29:08","date_gmt":"2022-03-02T22:29:08","guid":{"rendered":"https:\/\/lakelandgazette.info\/news\/?p=20501"},"modified":"2022-03-02T17:29:08","modified_gmt":"2022-03-02T22:29:08","slug":"easy-ways-to-save-for-a-house","status":"publish","type":"post","link":"https:\/\/lakelandgazette.info\/news\/2022\/03\/02\/easy-ways-to-save-for-a-house\/","title":{"rendered":"Easy Ways to Save For a House"},"content":{"rendered":"

If you\u2019re in the market for a home, then you know this requires some serious savings. Putting together a down payment is one of the most challenging steps to buying a home.<\/p>\n

\"\"
Concept of saving money to buy a house for the future.<\/figcaption><\/figure>\n

Read more to learn tips and tricks on how to get to your down payment goal faster.<\/p>\n

Start a house fund<\/h1>\n

Like most people, you probably are no stranger to funds in your checking account disappearing. To avoid this, set up a separate savings account for your down payment.<\/p>\n

Tanza Loudenback, a certified financial planner and journalist, suggests setting up automatic, recurring transfers into a dedicated savings account.<\/p>\n

You can transfer money from your checking account to your house fund, but an easier way is to automate these payments regularly.<\/p>\n

Do this by setting up a portion of your direct deposit to go directly into that savings account.<\/p>\n

Keep it in a safe place<\/h1>\n

Once you have a house fund, it\u2019s time to think of ways to make it grow. Consider a low-interest-bearing account.<\/p>\n

After all, the money will just be sitting there until you\u2019ve found your dream home<\/a>. So, why not put it in an account that collects interest?<\/p>\n

You won\u2019t make much interest on your savings, but every little bit adds up.<\/p>\n

Ask around<\/h1>\n

Spread the word to your friends and family that you\u2019re saving for a home. They might want to contribute to your down payment rather than taking you out for dinner on your birthday.<\/p>\n

There are a few different tools out there to help with this. HomeFundit<\/a> is a website designed to help you crowdfund your down payment.<\/p>\n

This site will have you pre-qualify for a mortgage online and, then, build and promote your money-raising campaign.<\/p>\n

Consider Cash Incentives<\/h1>\n

Friends and family aren\u2019t always the only ones that will pitch in on your homebuying efforts. Some companies have cash incentives.<\/p>\n

These companies will give you a cash incentive for your down payment on a home when you sign up for their services.<\/p>\n

Research these many different options and determine if a cash incentive is right for you.<\/p>\n

Research down payment assistance programs<\/h1>\n

Many local governments offer down payment assistance programs and grants. These are typically income-based.<\/p>\n

There are even programs out there that offer assistance for teachers, firefighters, health care workers, and other professionals.<\/p>\n

Search your local housing department\u2019s website to see what programs are available to you.<\/p>\n

Change your taxes<\/h1>\n

If you get a tax<\/a> refund each year, consider lowering your exemptions. This will allow you to take home more cash.<\/p>\n

You won\u2019t get that large refund in the spring, but the extra money you bring in during the year can be put into that house fund.<\/p>\n

There are so many tips and tricks that will help you save for purchasing a home. Do your research and determine which one works best for maximizing your house fund.<\/p>\n

SOURCE<\/a><\/p>\n

S&D Real Estate Services, LLC
2000 E. Edgewood Drive; Suite 103
Lakeland, FL\u00a0 33803-3600<\/p>\n

863-824-7169<\/a><\/p>\n

dee@shawnanddee.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

If you\u2019re in the market for a home, then you know this requires some serious savings. Putting together a down payment is one of the most challenging steps to buying… <\/p>\n","protected":false},"author":1,"featured_media":20502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","inline_featured_image":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"wpai_generated_summary":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"dois","default_image_id":71799,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[2117],"tags":[2446],"class_list":["post-20501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-people-talk-real-estate","tag-easy-ways-to-save-for-a-house"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/20501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/comments?post=20501"}],"version-history":[{"count":0,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/20501\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media\/20502"}],"wp:attachment":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media?parent=20501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/categories?post=20501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/tags?post=20501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}