5 Ways to Save on a Home Purchase

5 Ways to Save on a Home Purchase

1) Work on your credit score
A higher score can help you secure a lower mortgage rate.

2) Ask about incentives
Depending on market conditions, the seller may be willing to contribute to your closing costs or mortgage rate buydown.

3) Be open-minded about the location
It’s often more affordable in an up-and-coming area or a little farther from town.

4) Find areas where you can compromise
Focus on what you need in a home now—and what you can add or renovate later.

5) Choose a skilled real estate agent
Savvy negotiation can make a huge difference in the final purchase price.

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