Have you heard of Crowd Funding? Or seen social media posts from Go Fund Me or Kickstarter? Often times we see these posts to help new ideas launch, new products gain traction or people affected by natural disaster who are in need.
The idea of asking for help is not a new idea. It takes a village right? Well, that applies to all walks of life, not just new families raising the next generation. Around here, the second biggest hurdle to buying a home, aside from making the income to qualify for the mortgage, is saving for the downpayment. 20% around here is often $200,000+! So how does one get help with the downpayment when city and county programs are no help?
Welcome Home Funding has found a way! It is crowd sourcing your downpayment with HomeFundIt! Now instead of getting birthday and Christmas gifts that you don’t need – your friends and family can contribute towards your downpayment! Now that’s an unforgettable gift.
My spin on it – have fun! Like other crowd sourcing sites – you can tier it and offer incentives for price points. $10 donation – stop by for coffee, $100 donation – set a dinner date as a thank you. What do you think? Too much?
I first posted about HomeFundIt last week on my social media thinking that someone would get excited about this – but no one did!!!!
So my question today – is it gauche to ask for money? Is it embarrassing to post this? I want to know what you think!!!! So please comment on the blog, or visit our Facebook and Instagram accounts to chime in!
I’d love to know what you’re thinking and if you’re thinking about trying HomeFundIt – contact me anytime! I’d love to help your dream of homeownership become a reality!
Learn more at: HomeFundIt with The Caton Team
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