One of the biggest hurdles for many prospective home buyers is finding a way to accumulate enough money for a down payment .

Here are some suggestions on ways to raise the funds that you’ll need:

Start by minimizing non-essential expenditures, get in the habit of paying with cash and not buying things you can’t pay for immediately.

Talk to your parents our relatives. They may be willing to make a private loan to you or they may be willing to co-sign on a mortgage.

If you have a whole life insurance policy, you can look into borrowing against its cash value.

If you own other real estate, you could borrow against your equity.

Consider selling personal items, such as a second car or boat.

Consider having an amount withheld from your paycheck and direct deposited into a savings account.

Pay down high interest credit cards and limit your credit card use.

With some discipline and creative strategies, you will be well on your way to saving enough for a down payment 

Looking to buy or sell your home? Real estate purchases are some of the most important decisions most people make during their lifetimes. To see a current list of Branson area homes, visit https://ift.tt/3qqfots

Here we look at the pitfalls of buying and selling at the same time.

For all of your Missouri real estate needs, contact realtor Christopher James. Specializing in Branson Missouri area homes, vacation properties, and vacation rental homes. Visit ThePropertyMagician.com for more information.