Saving For a Big Purchase
When making a major purchase, whether your goal is to buy a house, go on a vacation, buy a vehicle, or even start a business, it's necessary to know where that money is coming from. It’s also important to determine a time frame to save for your purchase so you can figure out how much you need to save on a regular basis to meet your goals.
Questions we are often asked are:
• How do I save for a down payment?
• What credit score do I need to be approved for a large purchase?
• What’s the difference between fixed interest rates and variable interest rates?