Lots of folks who are looking to purchase a new house qualify for several different kinds of mortgages, but they don't have a lot of money to put up the standard down payment. Do you want to buy a new house, but don't know how you should put together a down payment?
Cut expenses and save
Look for ways to trim your monthly expenditures to save toward a down payment. There are bank programs through which a portion of your paycheck is automatically transferred into a savings account each pay period. Some practical approaches to save additional funds include moving into less expensive housing, and skipping your vacation for a year or two.
Ask for help from generous members of your family
Many buyers are sometimes lucky enough to receive down payment help from thoughtful family members who are anxious to help get them in their first home. Your family members may be eager to help you reach the goal of having your own home. We accept gift funds for down payment.
Borrow from a retirement plan
Research the details for your individual plan. Many people get down payment money by withdrawing funds from their IRAs or borrowing from their 401(k) programs. Make sure you comprehend the tax ramifications, your obligation for repaying funds, and early withdrawal penalties.
Cut expenses and save
Look for ways to trim your monthly expenditures to save toward a down payment. There are bank programs through which a portion of your paycheck is automatically transferred into a savings account each pay period. Some practical approaches to save additional funds include moving into less expensive housing, and skipping your vacation for a year or two.
Ask for help from generous members of your family
Many buyers are sometimes lucky enough to receive down payment help from thoughtful family members who are anxious to help get them in their first home. Your family members may be eager to help you reach the goal of having your own home. We accept gift funds for down payment.
Borrow from a retirement plan
Research the details for your individual plan. Many people get down payment money by withdrawing funds from their IRAs or borrowing from their 401(k) programs. Make sure you comprehend the tax ramifications, your obligation for repaying funds, and early withdrawal penalties.
The feeling of accomplishment will be the same, no matter which strategy you use to get together the down payment.
Your new home will be your reward! Want to discuss down payments?
Call us at 925-998-2964 or E-mail: HomesandLoansCA@gmail.com
Golden Pacific Home Loans
2333 San Ramon Valley Blvd Suite 195 San Ramon, CA 94583
NMLS 967683 ~ CA BRE Broker # 01175825
Your new home will be your reward! Want to discuss down payments?
Call us at 925-998-2964 or E-mail: HomesandLoansCA@gmail.com
Golden Pacific Home Loans
2333 San Ramon Valley Blvd Suite 195 San Ramon, CA 94583
NMLS 967683 ~ CA BRE Broker # 01175825