Saving For Your Down Payment

Great home buying strategy from Trulia today. Over the years, I have worked with a number of buyers where the big hurdle in buying a home was not the monthly payment but accumulating the money needed for the down payment and closing costs. Now that the era of zero down and no documentation loans is over, borrowers have to be better prepared as they start the home buying process. Today there are a variety of mortgage programs available but unless you are a veteran or using Rural Housing funds, some level of down payment probably will be required.

In a report published by Trulia today, the author lists seven ways to save for your down payment. Some of the tips are obvious but there are a couple of sources that you may not have thought of. Here is a link to the story by Tara-Nicholle Nelson

About kezarlife

I am a year-round resident of Lovell, owner of Kezar Realty (KezarRealty.com) and enjoy the variety of experiences that living in western Maine offers. Numerous lakes, ponds and mountains provide the opportunity to enjoy the outdoors every day. Married to Rondi we have two children. Ben is a Sergeant in the US Marines and with his wife Cassandra, son Jackson and daughter Reagan, live in Virginia. Ben's most recent deployment was to Afghanistan. Anna is a graduate of Fryeburg Academy, has studied in Beijing, China as well as Taiwan and now attends Hunter College in NYC where she is enrolled in their Chinese Flagship Program. I am active in many local organizations including the Charlotte Hobbs Memorial Library, Lovell Historical Society, Old Home Days, Lovell 5k Run, the Gasping Gobbler, the Tour de Lovell and the Brick Church for the Performing Arts. I also serve as President-elect of the Western Maine Board of Realtors. Please visit www.KezarRealty.com for up-to-date real estate listings and information on western Maine! Stan Tupaj
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