Home | Newsletter | Advertise
loading...

UrbanTurf Reader Asks: What Are the Best Methods to Save for a Down Payment?

  • June 8th 2011

by UrbanTurf Staff

UrbanTurf Reader Asks: What Are the Best Methods to Save for a Down Payment?: Figure 1

In this installment of UrbanTurf Reader Asks, a reader who is starting to set aside money for a down payment on a home inquires if UrbanTurf readers use specific methods in order to reach their down payment goal.

I have started the process of setting aside money for a down payment on a new home, and am wondering if any readers out there have happened upon a particularly successful method or formula for saving for a down payment. I have taken all the obvious steps of going out to restaurants and bars less, shopping less, and in general cutting back on the fun stuff that I used to do, but the savings is not accumulating as quickly as I hoped. If anyone out there has advice on a specific approach or program that worked well for them, I am all ears.

Post your thoughts in the comments section. If you would like to submit a question for UrbanTurf Reader Asks, send an email to editor2011@urbanturf.com.

See other articles related to: down payment, urbanturf reader asks

This article originally published at https://dc.urbanturf.com/articles/blog/urbanturf_reader_asks_what_are_the_best_methods_to_save_for_a_down_payment/3621.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse