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Down Payment tips #7 & 8

#7  Pick up a Side Hustle

In today's world, it's a lot easier to earn money on your own time with a side hustle. Here are a few ideas you can consider to get started:

 

  • Pick up freelance work
  • Drive for a ride share company like Lyft or Uber
  • Pet sit or walk
  • Test apps or websites

 

#8  Chop down your Debt 

If you're on a mission to buy a home, diverting your extra income toward your debt might seem counterintuitive.  However, debt-to-income ratio (DTI) is a factor when applying for a mortgage.  

Take some time to reduce your debt before you apply for a mortgage loan. Look at exactly how much you owe on your credit cards, student loans, personal or auto loans. and create a pln to tackle it!