So you want to buy a home? This is a big step for anyone, and there are many factors to consider, not the least of these is how to get the money for a home. Sure there are loans available for home purchase, but you must have cash on hand to cover expenses such as fees and closing costs that might not be able to be covered by a loan.
So what are some ways the average person can get some money to make the payments necessary to get a house?
If you plan to buy a house within a year you will need a savings plan that yields rapid results. Saving money can become a challenge as you only have so much disposable income on a monthly basis. A second job can be a viable solution for building your savings fast.
Looking into other income possibilities such as a cash value insurance policy or a 401k can help get the money together. Withdrawal penalties may be assessed but it might be worth the cost to get the home. Other ideas to gather money include selling valuables online or in a garage sale. Extra cars, stocks, collectables, and other items that have a value can yield big returns.
If you are working on a long range plan you obviously have more time to collect the money. Investing more money in a 401k or cash value insurance policy can help hold onto the money for the house.
Opening a savings account or a CD can help make sure the money is available, and earning interest. A second job is still an option, but as you have more time to save you have the luxury of working fewer hours. Home based businesses offer a flexible option for earning additional income. Choose carefully to find a business that is profitable and legitimate.
Buying a home is a big step let your credit union help you plan to make it happen.
Nicole Soltau is the President and Founder of CreditUnionRate.com The Leading Credit Union Directory.
Search, Find, Join.
Here's the gripping story...You are the landlord of a small... Read More
Welcome to this first portion of a three-part series about... Read More
I do not profess to "Know" what the real estate... Read More
Of course you're curious, and you'd like to see what... Read More
The secret disclosed on how you too could achieve financial... Read More
Since you are a business oriented person, you might be... Read More
Renting a house or a room in your home is... Read More
You're travelling in a foreign country and you get arrested... Read More
If you are thinking of relocating to Maui, this article... Read More
Does the myth that mobile homes depreciate in value keep... Read More
Most people in America rent a personal dwelling!Just think how... Read More
I have done so many appraisals where I saw obvious... Read More
You'd like to buy a vacation home, but you're not... Read More
Equity lender, hard money lender, private investor or what ever... Read More
What can go wrong? About a gazillion things, but this... Read More
Even though its importance is often overlooked, a great sales... Read More
Lease Purchasing affords the tenant/buyer a wonderful opportunity to get... Read More
Horses In My Back Yard by Jody Hudson, with Extensive... Read More
Learn how to sell your property faster and at the... Read More
Many experts say you can't lose if you put your... Read More
1. Make sure units are larger than 1800 square feet.This... Read More
If you're looking to get started investing in real estate... Read More
A good school district is a key factor in home... Read More
As a native Midwesterner, the first thing I noticed when... Read More
She reached the phone on its second ring. "This is... Read More
In last week's article, we discussed how substantial profits could... Read More
Great, now how do I actually INVEST in real estate?Investing... Read More
When considering buying or selling a home, seniors have a... Read More
There has been speculation in the media recently about the... Read More
Of course you should. I practice this for quite a... Read More
Many of us dream about owning the vacation home in... Read More
There are many reasons why a home owner would want... Read More
I am a total geek.A few weeks ago, late at... Read More
Any trip to Belize starts fantasies of owning a beach... Read More
Purchasing or selling a home will probably be one of... Read More
If you're thinking about selling your home perhaps the 'for... Read More
I've been teaching people how to buy foreclosure properties for... Read More
That's an obvious question ? we all do! So what... Read More
If you have recently purchased some real estate for investment... Read More
Do you feel there is going to be a real... Read More
It's high time someone advocated the use of common sense... Read More
1. Planning:Know Your Target BuyersThink about your neighborhood and the... Read More
Do you need to sell your home quickly? If so,... Read More
Each element has a specific color associated with it. Because... Read More
If you are making the transition from renter to homeowner,... Read More
These are real builder questions that I got from readers... Read More
For the first time "want-to-be" homeowner, purchasing an unfinished new... Read More
What is a loft apartment? At the most basic level... Read More
It's been said many a time that overseas real estate... Read More
Most consumers are told where to get their mortgage because... Read More
Delaware, and the rest of the original British Colonies, has... Read More
It's not uncommon for an investor to sell a house... Read More
Negotiation is the process of communication back and forth in... Read More
Cyprus is fast becoming a property hotspot for thousands of... Read More
Lake Havasu real estate is a hot commodity. With surrounding... Read More
We all are thinking about it and some of us... Read More
Owning investment property is a tremendous wealth building strategy. Thousands... Read More
So, you're selling your home (house, townhouse, condo, apartment, land,... Read More
When looking for a home, it is important to first... Read More
There is an increasing trend in South Africa that is... Read More
Fourteen Top Tips for Overseas Property Investment:1. Buy what you... Read More
Fixtures, related to real estate, are items that were originally... Read More
Is it your dream to one day own a holiday... Read More
Follow a few simple guidelines, and marketing your own home... Read More
Real estate investing is pretty unusual in lots of ways.... Read More
In addition to finding the right property, one of the... Read More
Real Estate |