Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

How autosaving can help you reach your home buying goals
Owning a home is a classic element of the American dream, but with an average median home price of $241,300 in 2019, such a purchase may feel out of reach. However, leveraging auto-saving methods can help you build up your savings before you know it, giving you the down payment you’ll need to buy that dream home. 
How to use auto saving to your advantageAutomatic-savings methods allow you to direct money to your savings account before it ever hits your wallet. Without the spending temptations that may strike before you move the money, you could accumulate much-needed cash long before you expected. 
Save for a down paymentMinimum down payment requirements vary based on the different loan options available, as well as the individual buyer’s financial standing. For example, a Federal Housing Administration mortgage requires a 3.5% minimum down payment, while conventional loans require a 3% minimum down payment, although many of these lenders prefer a down payment of 20%. 
 
The bigger the down payment, the lower your monthly payment, so saving up before your big purchase is a smart move. Say you want to save a total of $10,000 in five years, an auto deposit of $38.50 per week or $167 per month will ... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention