Down Payment as your Wedding Registry
Bed Bath & Beyond is a great place to register but what happens when you have the toasters, coasters and posters that you need? Maybe you want something a little more unique, a little more usable, a little more…like a home?
Although there are wonderful mortgage products on the market, and interest rates are still low, most of the time you still need to come up with a down payment. What if you could receive the down payment in the form of your wedding gifts? This new concept works very well for the millennials. Some have their own places, so they already have the dishes that they need…down payment… not so much. The cost of living is high and so are student loans. It’s harder and harder to save so the concept of registering for a down payment seems to be a great alternative to the water pitchers at Macy’s (those can wait).
So where do you get started? First, contact Hubbard Park Real Estate 732-747-0700 to determine where you’re interested in purchasing and what the average home sells for in the neighborhood. This will give you a good sense of how much you will roughly need as a down payment. Then, visit websites like DownPaymentDreams.com or HatchMyHouse.com. Time to crowdfund your dream home!