2022, YOUR YEAR TO BUY A HOME!
Buying a home may seem like it may never happen, but it can and will if you use just a few simple tricks to save for your down payment. MHQ Mortgage Headquarters, your leading lender at Lake of the Ozarks, is here to help you reach your goal. Saving for a down payment does not have to be difficult and finding out how much you actually need is the most important step of all. The mortgage experts at MHQ can help you calculate what you will need for a down payment and options for closing costs. Once you have that number, let the savings begin!!
Break it down!
Don’t let that number scare you, start small, with manageable and obtainable goals for saving each week, month or whatever works best for you and/or your family. Instead of thinking I need to save $500 a month, break it down per week. Then find ways to save, no matter how small.
Cheers to automation!
Great way to save is to set-up an automatic withdrawal or savings from each paycheck to a savings account. What you do not see, you will not spend! Quickly it will become so natural you forget its even happening or you feel like you could even increase the amount.
Minimize!!
Minimize everything! You would be surprised once you sit down and start writing out how much you pay to Apple, Nexflix, Hulu, Amazon Prime, cable and more! Wasn’t long ago we did not have every movie or show at our fingertips, we survived! Minimizing your cable, phone, streaming services and more will add up quickly. Start with just turning one service off and send it to that home fund, you’ll be surprised how much you do not miss it.
Minimize MORE!!
Minimizing doesn’t end with streaming services, but extend it to your entertainment budget, or your morning coffee fix, packing a lunch, eating at home, not buying that outfit you think you need and shop in your own closet, are you really going to the gym? Or even find items you do not need in your home and sell them. But put all that savings into your home saving account.
Hustling!
If your life and family allow, getting a side hustle, business or job could be an option. With all the services out there to help make everyone’s lives easier, there are plenty of options with Uber, Lyft, DoorDash and more. And with so many local businesses looking for help, you can probably find something that works perfectly with your current life. Just remember that money goes into the home savings account.
Finding balance is the key in any goal, especially something as big as saving for a home. The knowledgeable mortgage experts at MHQ Mortgage are here to help you through the entire process. Also, asking for help and support from friends and family is important, people love to help and support anyone on the road to success. Let us help you, MHQ is here to make your home owning dream a reality.
Don’t let that number scare you, start small, with manageable and obtainable goals for saving each week, month or whatever works best for you and/or your family. Instead of thinking I need to save $500 a month, break it down per week. Then find ways to save, no matter how small.
Cheers to automation!
Great way to save is to set-up an automatic withdrawal or savings from each paycheck to a savings account. What you do not see, you will not spend! Quickly it will become so natural you forget its even happening or you feel like you could even increase the amount.
Minimize!!
Minimize everything! You would be surprised once you sit down and start writing out how much you pay to Apple, Nexflix, Hulu, Amazon Prime, cable and more! Wasn’t long ago we did not have every movie or show at our fingertips, we survived! Minimizing your cable, phone, streaming services and more will add up quickly. Start with just turning one service off and send it to that home fund, you’ll be surprised how much you do not miss it.
Minimize MORE!!
Minimizing doesn’t end with streaming services, but extend it to your entertainment budget, or your morning coffee fix, packing a lunch, eating at home, not buying that outfit you think you need and shop in your own closet, are you really going to the gym? Or even find items you do not need in your home and sell them. But put all that savings into your home saving account.
Hustling!
If your life and family allow, getting a side hustle, business or job could be an option. With all the services out there to help make everyone’s lives easier, there are plenty of options with Uber, Lyft, DoorDash and more. And with so many local businesses looking for help, you can probably find something that works perfectly with your current life. Just remember that money goes into the home savings account.
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