3 approaches to saving up for a down payment on a home

How to Save for a House: A Step-by-Step Guide - NerdWallet

🏡✨ *Tips for Saving on a Down Payment* ✨🏡 1️⃣ Set up automated deposits of a portion of your income into a dedicated account. 2️⃣ Skip the costly vacation and opt for a staycation to save money. 3️⃣ Pick up a side hustle like freelancing, pet sitting, or renting out a space in your home. 4️⃣ Save your down payment funds in a high yield savings account, money market account, or CD for some return. Start saving smarter today! 💰 #DownPayment #SavingTips #HomeBuying #WinslowHomes #SmartSaving #Fu

Average down payment on a house: What you should consider

Understanding Down Payments: Definition, Requirements, and Benefits

13K views · 292 reactions | Most people think paying a 20% down payment is smart to avoid CMHC insurance but it’s not always the best move. Buy a $500K house with just 5% down ($25K) and invest the extra $75K in your TFSA. Over 25 years, that $75K can grow to $1.2M–$2M tax-free! So instead of saving $100K in interest, you could end up with a house + $2M cash. | Kaushik Patel | Facebook

Mortgage Down Payment Options