The following blog is by Brittney Castro originally published in Brittney Castro’s Blog – Financially Wise Women.
All month long, we’ve been talking about the best ways to go about becoming a homeowner. In today’s Financially Wise Living episode, I want to help you learn the best ways to save for a home down payment.
Once you set a realistic price point for your home value, now it’s time to save for the down payment. Your goal should be to save for a 20% down payment. Now, there are other loans that you may qualify for that will require less of a down payment, but again, in order to be smart and avoid primary mortgage insurance, it is best to make sure you have that 20% down payment.
In this week’s Financially Wise Living episode, I show you how to actually start saving for your home down payment goal.
WATCH this week’s video now.
About the author: Brittney Castro, CERTIFIED FINANCIAL PLANNER™ is the Founder and CEO of Financially Wise Women, a Los Angeles based financial planning firm for women. She specializes in working with busy professional and entrepreneurial women who are passionate about life and want to gain clarity around their money. Brittney’s mission is to help women plan and create the life of their dreams, free from anxiety about money. She is known for her non-judgmental, compassionate approach to financial planning. She has been featured in the Wall Street Journal, New York Times, Financial Planning Magazine, Investment News, and Registered Rep Magazine. Away from the office, you can find Brittney working out, drinking green juice, reading, playing at the park with her dog Arya and of course dancing. Visit her at http://www.financiallywisewomen.com and request a FREE 30-minute Discovery Session to discuss how financial planning can help you use your money to live a life you love. Financially Wise Women is a registered investment adviser offering advisory services in the State of California and in other jurisdictions where exempted.