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Down Payment tips #7 & 8
#7 Pick up a Side Hustle
In today's world, it's a lot easier to earn money on your own time with a side hustle. Here are a few ideas you can consider to get started:
- Pick up freelance work
- Drive for a ride share company like Lyft or Uber
- Pet sit or walk
- Test apps or websites
#8 Chop down your Debt
If you're on a mission to buy a home, diverting your extra income toward your debt might seem counterintuitive. However, debt-to-income ratio (DTI) is a factor when applying for a mortgage.
Take some time to reduce your debt before you apply for a mortgage loan. Look at exactly how much you owe on your credit cards, student loans, personal or auto loans. and create a pln to tackle it!