The Smart First-Time Home Buying Guide: How to Save for A Home Down Payment with Limited Money

Thomas.K.Lutz

Thomas.K. Lutz

About this eBook

 Home Prices Are Too High

Buying a home is the pinnacle of adulthood, but as we all aware, home ownership isn’t exactly easy to navigate, especially for younger folks. Unless you’re completely debt-free, get help from parents, and disciplined enough to live below your means to save money, buying your first home in the future can seem more like a fantasy than an actual possibility.

In “The First Time Home Buying Guide”, we will be mainly focus on why and how to save up our money to have the down payment for our first home purchase, so we can be prepared when there is a home buying opportunity in the future.

What is a Downpayment?

A down payment is a big sum of money you need when buying a home. You may borrow money from the bank in the form of a home loan or mortgage, but a portion of the total cost must come directly from you. The down payment acts as an insurance of sorts for your lender. 

It is Not just About HOW to Save, But WHY You Should Save

As we all know, there’s a correlation between inflation and home prices. If we don’t save up now, the global home price will slowly keep going up. Now is the time to be prepared and save up, so when there’s home price correction underway, you will have the purchasing power to own a home.

The truth is that we all know how to save, but most of us are not aware of the reason why we need to save and that becomes problematic. In this book, we will go in depth on this topic. We will also be sharing unique ways to save up for a down payment and ways to save a lot faster than an average person. 

This is What You Are About to Discover..

✔ Why is Saving so Important in General?

✔ Why is it Important to Own Your Home, Rather Than Rent?

✔ Budgeting and Keeping Track of Your Spending

✔ Extreme Ways to Save Fast

✔ The Important Things You Should Know Before Buying a Home


Would You Like To Know More?

--Don't Gamble on the Future--
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Ratings and reviews

A lot of great tips for saving. I just cut out tacos and $5 coffee from my lunch routine two days ago. With tip i'm saving minimum $15 a day. If you add in the bacon egg and cheese biscuit and orange juice i would also get a few times a week, now it's well over $20 a day i'm saving with the only extra effort being the ham sandwiches i make in the morning. So in a way i get paid $20 to eat oatmeal and make 2 sandwiches.

Thomas, I am a mortgage broker and this is excellent! This is the perfect overview with enough details to be actually useful. The only thing I would add is have your credit pulled by a mortgage broker 3-6 months before you start shopping for a house. There might be things on your credit report that are not accurate and there might be some tweaks the buyer can do a head of time to raise the credit score and the lower the interest rate.

Wow, some great saving tips in book. Saving for a down payment is definitely not a easy task. I have been doing almost everything to save extra money. Not easy, but it’s doable. I think we just have to think outside the box in order to save. For me, the pandemic helped a lot, because I work at home now and eat mostly at home as well.

About the author

 Thomas has been a financial adviser/Realtor in Vancouver, BC, Canada since 2002. He provided clients with advice on financial matters, as well as helping people who are in difficult financial situations. Thomas is also an experienced condo Realtor in Metro Vancouver. He had handled hundreds of home sales and purchases in the downtown core of Vancouver and all around British Columbia. 

Thomas is the author of the book "Should I Quit My Job?" and "The Smart First-Time Home Buyer's Guide". Thomas's goal is to provide different options for people who are not feeling satisfied with their current employment. He believes that everyone deserves to work in a comfortable and friendly environment, not just working to pay bills. 

When not working, Thomas loves to play with 3 of his husky dogs, and get outside and enjoy the nature. He also enjoys swimming and jogging to stay fit.