If you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the process. Here are some useful tips to put your money to work for you:
- One of the best ways to jump start your savings is by starting with the help of your TAX REFUND.
- If you had the opportunity to receive and save your ECONOMIC IMPACT PAYMENTS, you may consider putting that money toward your down payment or closing costs.
- Establish an Owner Occupied HELOC (Home Equity Line of Credit) on your current home to put toward your new home down payment or closing costs.
- A REFINANCE CASH OUT can also help you tap into your own equity and put toward your real estate goals.
BOTTOM LINE: Saving for a down payment can seem like a daunting task, but it doesn’t have to be! Your CJV Real Estate professional is here to help and can connect you with lending resources to understand all of your options. Let’s get started today!
If there’s anything CJV Real Estate can do to help you achieve your goals, schedule a consultation today!