Saving for a Home

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.

---

Selling a Home ? What Personal Property Stays?

The home selling and buying process can be confusing, particularly... Read More

Miami Property Booming for Foreign Investors

Miami tourism is growing and so is the Miami property... Read More

Youre Not Paranoid: The House Really Hates You

If you've just bought a house, you may be able... Read More

Secrets of Making Money from Real Estate - Part 4

Analyzing and finding the right property deals:Firstly read my other... Read More

Researching Property for Real Estate Investing

Much is being said lately about investments. There are many... Read More

Vegas: The New Frontier

Unless you have been living in Siberia, you know that... Read More

A Real Estate Investing Primer

There are a great many books and web sites devoted... Read More

The Perils of the Property Ladder: Has Anyone Noticed the Silence?

There was a time when every conversation was focussed on... Read More

Do I Have To Buy Real Estate Through An Agent?

Sometimes when we are very busy professionals and very rich... Read More

Selling Investment Houses: Psychology of Mirrors

Discover new interior Design Psychology strategies to increase your real... Read More

How Come No One Told Us About This When We Were Buying a Home?

Development, it's bound to happen.Simply because there is a large... Read More

Questions To Ask The Landlord Before Renting His Apartment

Apartment hunting is not the easiest thing around. You may... Read More

Home Selection Checklist - A Good Aid When Choosing a Home

This home selection checklist is a tool to help you... Read More

3 Top Real Estate Investing Methods for Maximum Wealth

Real Estate investing can be used to gain wealth in... Read More

Getting Ready to Sell Your Property

We all have had the experience of someone important coming... Read More

Advantages and Disadvantages to Selling a House on Your Own

As with any business transaction, there are pros and cons... Read More

Reinventing Real Estate, Part 1: Online and Empowered Consumers Are Taking Charge and Paying Less

For decades, the real estate world turned in a predictable... Read More

Be Patient Screening Tenants

Rental real estate is a solid way to make money.... Read More

Choosing a Reputable Real Estate Appraiser

When you are considering purchasing a property; either for investment... Read More

Home Hunting and the Internet

So, it's home hunting time. Where do you start? Who... Read More

A Powerful Suggested Technique for YOUR Home & Property Search

A Powerful Suggested Technique for YOUR Home & Property Search... Read More

Stay Motivated With REI Till The Deal Comes

I know many investors step into the game of real... Read More

Credit Help: Buying Real Estate -- Not the Same as Buying Cars

Credit for Buying Real Estate is Different than Credit for... Read More

Buying and Selling Distressed Houses for Maximum Profit (Update)

If you want to become a real estate investor, find... Read More

Attention To Details Helps Homeowners Sell Fast In A Buyers Market

Your boss has just given you the career opportunity of... Read More

Chapter One FSBO the Russ Miles thriller/mystery novel

Chapter OneShe reached the phone on its second ring. "This... Read More

Personal Branding Techniques for Real Estate Agents and Brokers

Branding can be done to any product, or any person.... Read More

Seller Objections To Lease Purchase

A large percentage of the mail we receive are from... Read More

Selling Your Home Yourself ? Pricing It Appropriately

When you're selling your own property, whether it's a house,... Read More

Why Real Estate?

Five months ago I was faced with a decision to... Read More

Real Estate Investing Deals That SkyRocket Your Net Worth 10-Fold

Consider these parameters for a real estate deal:Property Value: $250,000... Read More

Investor Banned From Offering Property For Rent

Do you realize that you might be prevented from renting... Read More

Types of Listings with Agents

There are several different types of listing contracts. Few of... Read More