Property, Buying, Selling and
Maintaining Tips and Hints - A Short Article Packed with
Useful Information
Property: Raising the Money for a Deposit on a
House
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.
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