DOWN PAYMENT FOR A HOUSE | How to Save Money Fast! скачать в хорошем качестве

DOWN PAYMENT FOR A HOUSE | How to Save Money Fast!

Saving up for your down payment when buying a house is one of the hardest things for first time buyers to. But don’t fear because on this episode of Bald Prairie Real Estate I have tips and tricks that will help you save money fast so that you can buy a house! This tricks and tips will allow you to save up enough money to have a significant portion or maybe even your entire down payment saved up in one year. Start adding up all of the subscription services that you have. Then look at how many that you could cut back on. If you cut out the cost of the subscription services and put that money into saving for your down payment how much per month could you save? I bet you can find $50-$100/month in savings that would be better used for your down payment. There is no getting around it that cellphone plans, and internet services are expensive in Canada. The average Canadian spends $250 a month on their cell phone, internet and TV services. This is another area that many people could cut back on and instead put that money towards their down payment. Paying interest on consumer debt is like burning your money. You don’t get anything for that wasted money. Worse off it hurts you when you are qualifying for a mortgage. The average Canadian carries $20,000 in consumer debt. The interest on that debt averages from $100-$400 a month. Reducing your debt not only allows you to put more money towards your down payments but also help you qualify for a larger mortgage. Being able to get away on vacation is a great way to recharge, but it also can be very expensive. Your warm vacation is likely to cost you $2500. How much would having that money in your down payment savings account help you buy a house within a year? Summer vacations can also easily run from a few hundred dollars to thousands. Taking two vacations a year could very well cost you $2000-$5000 in a year. That is more money not going towards your down payment helping you buy a house. Using your RRSP as a way to buy a house is a great way to quickly build your savings. This is especially true if your employer will match your RRSP contributions. Take advantage of this to double up your down payment savings and buy a house faster! [0:00] Introduction [1:22] Another Bad Dad Joke [1:39] Subscription Costs [2:29] Telecommunications [2:54] Entertainment [3:31] Reducing Debts [4:49] Homework! [5:26] Cost of Vacations [6:27] Supercharge Your Savings [7:26] Adding it all up #BaldPrairieRealEstate #DownPayment #BuyingAHouse 🎥 Related Videos: First-time home buyer assistance programs:    • CANADIAN FIRST TIME HOME BUYER ASSISTANCE ...   Is your credit score high enough to buy a condo:    • HOW TO IMPROVE YOUR CREDIT SCORE | Minimum...   Are you a first-time home buyer?    • CANADIAN FIRST-TIME HOME BUYER REQUIREMENT...   Should you buy a house in 2021?    • SHOULD YOU BUY A HOUSE IN CANADA IN 2021? ...   The mortgage stress test:    • THIS MAKES BUYING A HOUSE IN CANADA HARDER...   How to win a bidding war:    • HOW TO WIN IN A HOT REAL ESTATE MARKET | B...   5 Things to know about buying a condo:    • 5 THINGS TO KNOW WHEN BUYING A CONDO | Con...   Buying a house with zero down payment:    • BUYING A HOUSE IN CANADA WITH NO DOWN PAYM...   My name is Matthew Pfeifer and this is Bald Prairie Real estate. I am a realtor in Regina Saskatchewan working for Royal LePage Regina Realty. In nearly 10 years working as a real estate agent I have seen both ups and downs in the market. But there is no real estate market that you cannot buy or sell a house in. Often the media tries to present a Canadian real estate market, or they talk about the real estate market in Canada as if there is a national market. The real estate market in Canada is very regionalized. Being from Regina I focus on the Regina real estate market. Bald Prairie real estate is about educating you about Canadian real estate. I cover first-time home buyer topics, tips for selling your home, how to buy a house in Canada and monthly Canadian real estate market updates. 📲 (306) 591-3353 📧 [email protected] 🇨🇦 Royal LePage Regina Realty