Best way to start saving for a down payment on a house (and how to do it fast!)
Homebuyer's School
English - April 22, 2019 21:17 - 10 minutes - 9.57 MB - ★★★ - 25 ratingsInvesting Business Education downpayment buyingahome buyinganewhome buyingmyfirsthome firsttimehomebuyers homebuyer homepurchase mortgage mortgagepreapproval sellinghomes Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Can you use your RRSP to buy a home? (including when and how to do it)
Planning to buy a home? What's the best way to start saving quickly? In this episode, we talk with Mujtaba Syed, Mortgage Specialist with the Bank of Montreal, and discuss top tips to save up for a down payment on a home. We also explore if you should pay off your debt before saving for a home, how much should you actually save and if it's better to save more than 20% for a down payment. Finally, we talk about down payment assistance programs you may want to take advantage of.
Prefer to watch the video or read and take notes? See the transcript:
We discuss the following items:
Top tips to start saving for a down payment on a home Is it advisable to pay off your debt before saving for a down payment? If you really need to get money for a down payment fast, what can you do? How much should you save for a down payment? Is it better to save up past 20%? What are some down payment assistance programs to take advantage of?
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