A home represents a major purchase that requires a lot of planning. Chances are pretty good that you do not have the cash to buy a home outright. This means you’ll need to take out a loan from the bank. Banks require potential home owners to provide a minimum down payment of the purchase price before they will consider your application. Use these budget tips to help you save the cash you need to purchase your dream house.
Scale down – The easiest way to make room for your down payment is to cut your expenses. Start with extraneous items. For example, make coffee at home instead of purchasing it from a coffee shop. Another option is to renegotiate your monthly financial obligations. If you have a cable package, for instance, bargain for a lower monthly
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