Steve Shrum
  • (615) 473-6633
  • Home
  • Featured
    • Single-Family Residential
    • Condos/Townhomes/Lofts
    • Land/Lots/Farms
    • Commercial
  • About Me
  • Expertise
    • Gallatin Condos
    • Gallatin Homes
    • Gallatin TN Real Estate
    • Hendersonville TN Real Estate
    • Hendersonville Real Estate
    • Homes for Sale Hendersonville TN
    • Nashville Condos
    • Nashville Homes for Sale
    • Nashville Luxury Homes
    • Nashville Real Estate
  • Communities
    • Hendersonville Community
    • Brentwood Community
    • Franklin Community
    • Gallatin Community
    • Mt. Juliet Community
    • Nashville Community
  • Search
    • Search All
    • Hendersonville
  • Blog
  • Categories
    • Testimonials
    • Location
    • Local Info
    • Other
      • Calculator
  • Contact
  • Home

Tips For Getting Your Down Payment Faster

Looking to buy your first home, but having trouble coming up with the down payment?  Typically you need to have between 5-50% of the purchase price of your home, so here are a few tips to help you save your down payment faster!

Save Your Tax Refund—Doing this alone for a few years may add up to a considerable amount to contribute to a down payment, especially if both you and your spouse commit to contributing the full amount.

Set Up A Savings Plan—This is a great way to make a regular contribution to your down payment fund, and with accounts that allow you to round up all your purchases and automatically deposit them into your savings account, this can be an easy way to save money quickly.

Sell Unwanted Items—This can add a considerable sum to your down payment fund, and is also a great way to get rid of unwanted items before your move.

Check Out Government Programs—There are a number of government programs available, depending on your area, that can assist you in saving for a home, especially if you are a first time buyer.

Dip Into Your Retirement Fund—Be sure that you consult a financial advisor before choosing this option. Some government programs offer this option with no penalty, and it is certainly worth looking into.

Get in Touch

Testimonials

We bought our beautiful home in May 2016 and are very happy with our home.  Steve, who is also our fri...

Continue Reading


My wife and I recently sold our home in Hendersonville. After agonizing about the importance of hiring a re...

Continue Reading


It is a privilege to recommend Steve Shrum to you. Steve has served as my realtor in the last three moves t...

Continue Reading


Blog

April 23, 2018
Protect Yourself From Unexpected Mortgage Loan Adjustments

If you’re facing an upcoming rate change on your adjustable rate mortgage, you may be a bit worried. ...


April 16, 2018
FHA Loans - What They Are And Who Qualifies

FHA Loans: What They Are And Who Qualifies

In your house hunting you may have come across a mentio...


April 09, 2018
Mother’s Day Brunch - Decoration And Menu Ideas

Mother’s Day only comes around once a year, and since mom is there for us every day of the year, the ...


Steve Shrum

118 Saundersville Road
Suite 150
Hendersonville, TN 37075

Direct: (615) 473-6633
Phone: (615) 447-3900

Email


twitter Favorites google YouTube
Facebook

Studio 11 Productions

Designed & Developed by Studio 11 Productions design copyright © 1997 - 2018

  • Powered by
  • Responsive Real Estate