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Saving Up for Your New Home Down Payment?
Saving Up for Your New Scottsdale Home Down Payment?
Try These Money-saving Tips to Speed Things Up One of the most significant challenges that many people face when preparing to buy a first home in Scottsdale as it relates to saving money for a down payment.
While there are many different mortgage loan programs with varying down payment requirements, the fact is that it can still be difficult to save up a large sum of money. Some loan programs may require you to save as much as 10 percent or 20 percent of the sales price of the home.
You can employ a few different tips and techniques to save money for a down payment more quickly, and these are some of the options that others have successfully used to save money for their home purchase.
Make Saving Automatic
One idea that works well for many people is to make saving for your new home automatic. This may be as simple as scheduling a regular draft or transfer from your checking account when your paycheck is deposited into your savings account. Some employers may even facilitate this process by contributing some of your funds into a savings account on your behalf. With this option, the money ... more

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