Who doesn’t like saving money? If you’re the type of person who loves Black Friday discounts and always gets the best deals on airfare, you’ll be happy to know you can apply your money-saving savvy to buying a new home as well. Depending on the market where you’re shopping, you can potentially save hundreds, thousands or tens of thousands of dollars.
Where To Look for Home Financing Perks
A great way to save money on a new home is to research local or state financial incentives. Many cities want to attract new residents, so they offer programs to help first-time home buyers. Here are a few types of incentives that are frequently offered:
- Closing cost reductions
- Tax credits
- Down payment assistance
- Mortgage discounts
If you qualify, you can buy an amazing home for less. When in doubt, google the city where you live or ask a local realtor for assistance. Buyer’s agents are a great source of first time home buying tips as well.
