You Need All Three To Buy A Home
By Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome
( HomeRome Realty 410-530-2400)
There are potential buyers who want to purchase a home. Questioning them, I find they have good credit and a good income, so what is missing? They have no extra funds saved, no substantial down payment, for a rainy day.Let's talk about savings and my suggestion.Start a 'house account.' Set up a bank account, and name it something that will be encouraging, like "Our Own Home," 'The No-More Renting Fund.' or ' Landlord Freedom.''There is one main rule. This account only goes one-way deposit! Never touch this money other than for your future home. What goes into this account stays in! Here are a few suggestions to get started.When you are online or out shopping and ready to buy, ask if you need it. Is it a necessity? If not, deposit the amount you would have spent in your "no mo...
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