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Boost Your Home-Buying Power with a Larger Down Payment

Your down payment plays a significant role in determining your home-buying budget. The more you have saved, the smoother and more effective your house-hunting process will be. Consider these creative ways to save for a down payment:

Reduce Your Current Expenses (Even Temporarily)

• Evaluate your monthly bills and identify areas where costs can be reduced.

• Compare car insurance rates to ensure you’re getting the most competitive deal.

• Explore bundling or adjusting cable and internet services.

• Contact your cell phone provider to check for potential savings on your plan.

• Review subscription services and determine if any can be paused or canceled.

Sell Unused Possessions

• Declutter your space and sell items you no longer use on platforms like Craigslist, Facebook Marketplace, or at local second-hand stores.

• This approach not only helps generate extra cash but also tidies up your living space.

Start a Side Hustle

• Leverage your skills by offering services online or participating in craft fairs.

• If you’re unsure what to offer, explore the gig economy through services like Uber Eats or TaskRabbit, which are relatively easy to join.

Let Your Money Work for You

• Consider options like high-yield savings accounts, certificates of deposit, or other investment tools.

• Investment apps such as Acorns allow beginners to invest small amounts and grow their savings over time. 
• Consult with a financial planner to determine the best approach for your goals.

Have Questions About Your Down Payment?

Call, text or email me to start a conversation. I’m here to support you every step of the way on your homeownership journey.

Sonia Comisarenco, Realtor®
Website: sonia.teamprice.com
Email: sonia@teamprice.com
Phone: 512.577.5208

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