4 Creative Ways to Save for a House Down Payment!

When purchasing a home, the amount you’re able to have available for your initial down payment will be a huge factor in determining what your monthly mortgage payment will be. Check out a few creative ways to start saving for the down payment on Your Next Dream Home!

  • Reduce current expenses – even just temporarily. If you must drop Starbucks or Dunkin Donuts for a few months, it’ll taste even better when you go back. Try checking on all your subscriptions, like Netflix, Spotify, Blue Apron, Stitch Fix, Audible, etc., as they add up.
  • Sell any possessions that you don’t use much anymore. Try Craigslist or Facebook Marketplace or look for local second-hand stores that will pay you for your items. Bonus: This doubles as a money saving tip AND house de-cluttering strategy.
  • Start a side hustle. Whether it’s selling scarves at a craft fair or offering graphic design services online, monetizing your skills can bring in some extra cash. Thanks to the growing “gig economy,” business like Uber Eats and TaskRabbit are very easy to get into.
  • Let your money earn more money. Try a high-yield back account, certificate of deposit or another investment. Apps like Acorns make it easy for beginners to invest even small amounts to keep that money growing.

Looking for answers to your mortgage questions? Be sure to contact Maria Pienkos, Mortgage Loan Originator, NMLS #659684, with Patriot Lending Services Inc., located in Spring Hill FL, for all your mortgage needs. Maria can be reached anytime at (352) 573-0005.

We hope you found this post to be helpful, informative and interesting…

Thinking of BUYING OR SELLING a home in the Spring Hill, Brooksville, Weeki Wachee or the Hernando Beach areas of Hernando County, Florida? If you’re new to the area, be sure to see what Hernando County has to offer you and your family! In the meantime, visit to explore our state-of-the-art MLS Map Search Feature where BUYERS can SEARCH MLS listings and SELLERS can SEE what their competition is doing!

Until then… it’s all about YOU!

About Gail Spada

Gail Spada’s real estate career began in 1990 and it didn’t take long for Gail to discover her love for the industry. In 2001, she began her real estate sales profession with Century 21 Alliance Realty in Spring Hill, FL. Gail has worked diligently to stay on top of her game. She is a Florida Licensed REALTOR® and has earned the following designations/certifications to include: GRI (Graduate Realtor Institute), ePRO (Internet Savvy Real Estate Specialist), AHWD (At Home With Diversity – One American) and SFR. It is that well-rounded training and experience, coupled with her intimate knowledge of the Hernando County real estate market, that enables Gail to deliver results to her customers.