Buying A Home: Raising The Deposit


Buying A Home: Raising The Deposit

Buying A Home: Raising The Deposit

Buying & Selling A Home


Here are some ideas that you could use to raise the deposit for your new home:



1. Ask your parents, other relatives or friends for help. If they can't give or loan any money, perhaps they'll agree to co-sign the loan.

2. Sell (or borrow against) other real estate you own.

3. Sell securities you own, or borrow against them through a loan from the stock brokerage.

4. Sell collectibles or heirlooms you own.

5. Cash in on any insurance you have.

6. Get a second job. It'll help you raise cash, and the extra income will improve your chances of qualifying for a loan. You can quit later.

7. Look for an investment partner who'll put up some or all of the cash in an equity-sharing partnership. You make the monthly payments and the two of you split the eventual resale profits.

8. Pawn something you own and use the proceeds for a deposit. You can get the item back after you've moved in and can afford to pay the pawnbroker back.

9. Refinance your car or other vehicles.

10. Save up. Cut out luxuries you don't really need and put the savings away to go towards a deposit on a new home.


Filed under: Home Buyer & Home Seller Guide

Buying A Home: Raising The Deposit

Home Buying - Budgeting

Home Buying: Changing Address Checklist

Home Buying: Choosing The Right Area To Live In

Real Estate Agents: Dos & Don'ts

Find Real Estate Agents

Home Buying: First Time Buyer

Home Buying Wish List

Home Selling: Sale Includes Checklist

Why Is My Home Not Selling?

View Property Inspection Checklist

Home Fixtures & Fittings Inventory Checklist

Home Buying Maintenance & Structural Checklist

Buying A Home: Making An Offer

Selling Your Home: How To Market Your Home

Getting A Mortgage: Mortgage Types

Moving Home Guide

Moving Home Checklist

Selling Your Home: How To Price Your Home

Selling Your Home Yourself: Pros & Cons

Moving Home: Hiring A Removal Firm

Selling Your Home Checklist

Home Buying: Viewing The Property

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