{"id":1890,"date":"2023-01-18T19:04:00","date_gmt":"2023-01-18T19:04:00","guid":{"rendered":"https:\/\/teamhoffmann.info\/blog\/2023\/01\/2023-home-buying-ny-resolution-1-save-money-for-down-payment\/"},"modified":"2026-07-15T15:13:59","modified_gmt":"2026-07-15T15:13:59","slug":"2023-home-buying-ny-resolution-1-save-money-for-down-payment","status":"publish","type":"post","link":"https:\/\/teamhoffmann.info\/blog\/2023\/01\/2023-home-buying-ny-resolution-1-save-money-for-down-payment\/","title":{"rendered":"2023 Home Buying NY Resolution #1 &#8211; Save Money For Down Payment"},"content":{"rendered":"<p>&nbsp;<\/p>\n<div class=\"separator\" style=\"clear: both;text-align: center\"><a href=\"https:\/\/thumbor.forbes.com\/thumbor\/fit-in\/900x510\/https:\/\/www.forbes.com\/advisor\/wp-content\/uploads\/2019\/05\/Bank-of-Mum-and-Dad-1024x684.jpg\" style=\"clear: left;float: left;margin-bottom: 1em;margin-right: 1em\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" data-original-height=\"510\" data-original-width=\"764\" height=\"268\" src=\"https:\/\/thumbor.forbes.com\/thumbor\/fit-in\/900x510\/https:\/\/www.forbes.com\/advisor\/wp-content\/uploads\/2019\/05\/Bank-of-Mum-and-Dad-1024x684.jpg\" width=\"400\" \/><\/a><\/div>\n<\/p>\n<p><b><span style=\"font-family: arial;font-size: medium\">1. Saving money for the down payment<\/span><\/b><\/p>\n<p><span style=\"font-family: arial\">Arguably one of the most significant and daunting aspects of buying a home is arranging the down payment.&nbsp;<\/span><\/p>\n<p><span style=\"font-family: arial\">Considering the higher average prices of homes, you need to arrange at least 20% as a down payment to avoid taking out a high-ratio mortgage.<\/span><\/p>\n<p><span style=\"font-family: arial\">So, it\u2019s time to think about ways to adjust your budget and free up money. If you are planning to take a loan to buy a home, start saving immediately. But before that, get together with the reputed realtor and get an estimate of the money you need to spend for a new home.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; 1. Saving money for the down payment Arguably one of the most significant and daunting aspects of buying a home is arranging the down payment.&nbsp; Considering the higher average prices of homes, you need to arrange at least 20% as a down payment to avoid taking out a high-ratio mortgage. So, it\u2019s time to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1890","post","type-post","status-publish","format-standard","hentry","category-real-estate","entry"],"_links":{"self":[{"href":"https:\/\/teamhoffmann.info\/blog\/wp-json\/wp\/v2\/posts\/1890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teamhoffmann.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teamhoffmann.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teamhoffmann.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/teamhoffmann.info\/blog\/wp-json\/wp\/v2\/comments?post=1890"}],"version-history":[{"count":1,"href":"https:\/\/teamhoffmann.info\/blog\/wp-json\/wp\/v2\/posts\/1890\/revisions"}],"predecessor-version":[{"id":1891,"href":"https:\/\/teamhoffmann.info\/blog\/wp-json\/wp\/v2\/posts\/1890\/revisions\/1891"}],"wp:attachment":[{"href":"https:\/\/teamhoffmann.info\/blog\/wp-json\/wp\/v2\/media?parent=1890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teamhoffmann.info\/blog\/wp-json\/wp\/v2\/categories?post=1890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teamhoffmann.info\/blog\/wp-json\/wp\/v2\/tags?post=1890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}