Tips for Saving for Your Down Payment in 2020

As a potential first time home buyer, it's important that you know what you are getting into fully. With everything you are likely thinking about as you look at home after home after home, you may forget something very important, there's a down payment that you NEED to save for. On that note, our mortgage company at the Lake of the Ozarks is here to give you a few tips for saving for your down payment in 2020 in this week's blog. If you have questions about applying for your first mortgage at the Lake of the Ozarks, call MHQ - Mortgage Headquarters today at (573) 302-
9990.

Tips for Saving for Your Down Payment in 2020


 Cut back on unnecessary expenditures.
Just think about all of the money you could be putting toward your down payment. You could stop spending money on things you don't absolutely have to have for a while. For example:
  • Eating out at restaurants
  • Buying coffee at coffee shops
  • Shopping trips for clothes and shoes
  • Vacations
  • Gas money being spent on unnecessary trips

 Put back a percentage of your pay toward your down payment each month. 
Pick a percentage you can afford and live with and start putting that aside into your savings account for your down payment.


Stick to a monthly budget.
As mentioned earlier, you can cut back on unnecessary expenditures to save money for your down payment. Part of making that process easier on yourself can be to set a monthly spending budget for yourself and NOT going over it.


Save For Your Down Payment in 2020 With MHQ Mortgage


All of here at your local Lake of the Ozarks mortgage company hope you enjoyed this blog and found these tips enlightening and helpful. Choose a mortgage company that communicates with you clearly and honestly and has the experience and know-how to help you. You name it, Mortgage Headquarters can do it. FHA, VA, Conventional, Jumbo, Fannie Mae, and Freddie Mac -- and countless other ways to help you clear the path to your new home. When looking for a new home, smart consumers first seek pre-approval by one of our mortgage professionals. You'll gain the credibility of a cash buyer. You'll know how much you can afford and be well on your way to the mortgage program that's right for you as soon as you make the offer! Call us today, 573-302-9990.



Mortgage Headquarters of Missouri, Inc
4824 Osage Beach Parkway, Suite 1
Osage Beach, MO 65065

Office: (573) 302-9990
Toll Free: (888)799-1206
Fax: (636)648-9917

NMLS # 1229111

www.MHQMortgage.com



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Location: Osage Beach, MO 65065, USA

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