Justin Hackney, Realtor

Brexit has brought interest rates even lower! Now is a better time than ever if you've been considering buying or selling a home.

Saving for a down payment is often one of the largest payment a consumer will make in their lifetime. Here are some helpful tips to get you started on saving for a down payment! *Determine how much you need.* Find out how much you’ll need for a down payment. From there, create a budget by figuring how much you can realistically set aside each month. Then, you can set a timeline. ... *Create a separate savings account.* Separate a savings account that is just for the down payment. Make monthly contributions automatic. *Find ways to reduce your monthly bills.* Check your car insurance, renter’s insurance, health insurance, cable and Internet plan rates. See if there are any promotions that could help you save money by revisiting your contracts. *Investigate state and local home-buying programs.* Several state, counties, and local governments offer first-time home buyer programs that offer down payment assistance. Find out if you’re eligible for one. *Celebrate. Set smaller savings goals as you work up to the larger goal.* For example, if you need to save $30,000, celebrate -- such as with a nice meal -- every time you hit the $5,000 saving milestone. This will help you stay motivated throughout the process.

Makes sense! You are increasing your networth through building equity as you pay off your mortgage and you decrease your net worth each month you pay that hefty rent check.

June Is National Homeowners Month!!