Ways to Come Up With a Down Payment
Bankrate has a list of ten ways to come up with cash for a down payment on a new house.
- Pay off your credit cards
- Ladder CDs to boost savings
- Use special programs
- Tap your IRA
- Borrow from your 401(k)
- Get a gift
- Ask for a raise
- Get a second job
- Look for lost loot
- Auction unwanted items
By using one or more of these methods, one can accumulate a sizable chunk of change. The bigger the down payment, the less one has to finance. That’s a good thing.
[Bankrate: 10 ways to come up with a down payment]
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