3 Accelerate the procedure
One approach to influence the saving method to go speedier is to improve returns on the cash you're sparing by putting some portion of it in some quick earning system such as stocks. It's a less secure game-plan than putting the cash in an investment account, yet in the event that you have quite a long while before you purchase a home, it could incredibly quicken your time frame for saving With the saving money making money itself the net amount needed to be saved also lessens.
With the mindset of a stock market investor, prepare yourself for the fluctuations in the market and remain patient. This approach is particularly important when you aim for a safe bet and choose a stock index EFT or two that naturally provides diversity to your investment and comparatively curbs the risk associated with such a stock purchase.
The risk, however, is still present and hence don't put the greater part of your down payment installment cash into stocks; constrain yourself to a lesser than quarter of the total sum amount. That way, if the market heads in the wrong course as you're hoping to purchase a home, the vast majority of your investment funds will be ensured. Whatever is left of the cash can go into an investment account, yet don't limit yourself to your nearby bank's offerings, in light of the fact that numerous different banks pay considerably higher loan fees in comparison to the standard savings rate of your local bank be sure to evaluate all options.