Save for You Down Payment in Just 2 Years

Buying the home of your dreams means saving up at least 10 percent of the home’s price for a down payment. While that may seem daunting, it can be done in just two years. Keep these tips in mind to save up for a down payment in 2 years.

  • Move to a smaller place – moving to a smaller place temporarily and reducing your rent by just $500 can help you save $6,000 in just one year.
  • Take a part time job. Find a part time job doing what you love, from teaching yoga at the gym, to pet-sitting for people in your neighborhood to make some extra money.
  • Cut expenses. Make a budget for yourself and cut out any expenses that are not completely necessary, such as cable and a gym membership.
  • Maximize your windfalls. Most financial windfalls, such as tax refunds and cash gifts, can easily get lost. Make sure to deposit the money directly into your savings account as soon as you get it.

For all of your home lending needs in the Irvine, California area, contact Avis Lending.

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