Wednesday, December 28, 2016 | Saving for a First Home
If you’ve ever thought about buying a home, there’s no better time than now to start getting ready, say the experts from Here, representatives from the most trusted mortgage firm in Texas share their best tips on saving up for that first big purchase.

Create a budget – and stick to it

Even if you’re lucky enough to score a house under the $200,000 mark, you’ll still have to pay 20% down, in most cases. mortgage bankers explain that the best way to have the cash on hand is to evaluate your current spending habits and make adjustments. Apps like Mint are great ways to track your spending and watch your budget in real time.

Open a new bank account

You need a place to store all the money you’re saving from your new financial plan and the best place is in an account you don’t access often. If you’re saving $200 a month, that’s $2,400 in just a year. It would be really tempting to spend that cash if it sits around in your regular account, warns the reps from If possible, open the account at a bank you don’t typically use and have a set amount direct deposited there each paycheck.

Save small to save big

Savings is where small lifestyle changes really have an impact. According to, even forgoing a daily Starbucks habit could help you stow away big bucks. At $4 a day, five days a week, switching to a homebrew could net you an extra grand in savings. Reevaluate subscription services, such as the gym, cable, cell phone, and Internet package. You could be paying a lot less for these services and still get the most out of them. Simply dropping cable and moving to an online television service could save $40 a month or more.

When you’re ready to make the leap into homeownership, visit for information on interest rates and more.

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