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Tips to help you save for a down payment

Mortgage rates and home values are on the rise, and you want to take advantage of the ideal buyer’s market while you still can. The only problem is you don’t have enough money for a down payment. In the Zillow blog post “5 Tips to Help You Save for a Down Payment,” Benjamin Feldman offers some guidelines for saving a big chuck of money to put down on your dream home. Know how much you need. Down payments range from 3.5 percent to 20 percent. On a $400,000 home, that could be anywhere from $14,000 to $80,000. The first step is figuring out what your price range is, and w...

August 26th, 2013 Tips to help you save for a down payment

Acadia Lending Group LLC

190 Riverside Street Unit 4B
Portland , Maine 04103

Phone: 207-899-4500

Fax: 207-899-4503

NMLS: 370636

 

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