Down Payment Grants - How to Discuss

Down payment grants

How do people get enough money for a down payment?

• Target 20%. It is worth making the largest possible deposit, ideally 20%.
• Save your tax refund.
• Save your savings regularly.
• Borrow from your parents.
• Ask the seller for money.
• Investigate government programs.
• Consider 100% financing.
• Click on your pension scheme.

How does "down payment assistance" really work?

• Subsidies Subsidies provide free money that you do not have to pay back.
• Zero Interest Loans Another option to help you with your down payment is a loan. Many of them are not interesting.
• (interest-free) loans with deferred repayment Loans with deferred repayment have a term that can only start over several years.
• Low interest loan.