Where Should I Keep My DOWN PAYMENT MONEY Before Buying A Home?
/WHAT TO CONSIDER:
No/Low Risk
No Stocks/Volatile Investments — because you don’t want to gamble with your down payment money and risk losing value, which means waiting longer to buy your home!
Decent Return
Most standard savings accounts are 0.01-0.15% — That’s terrible and actually losing value against inflation!
Easily & Quickly Accessible
No Long-term CDs or T-Bills — because your money is locked up and you can’t add funds.
BEST OPTION:
High-Yield Savings or Money Market Accounts
✓ Safe ✓ Decent Return ✓ Accessible
WHAT TO LOOK FOR:
Annual Percentage Yield
Sign-Up Bonus ($100-500+)
Terms/Fine Print (Min. Balance, Time Frames, Fees, etc.)
EXAMPLE:
WHERE TO FIND THE BEST OFFER FOR YOU?
Option #1: Spend your time googling, researching, comparing, and trying to figure it our yourself.
OR…
Option #2: I’ll make it easy for you and tell you!
Because offers are changing all the time…
And I know where to look and what to look for…
Just let me know how much money you are working with and a rough time frame of when you’d like to buy, and I’ll let you know the best offer currently available for YOU!
