More couples than ever before, 87%, reported including cash funds in their wedding registry, according to recent data from Zola.
Of couples collecting cash, 37% are putting that money toward purchasing a house.
With today's housing market, it's clear why couples are funneling wedding gifts into a down payment.
If you're coming into a substantial financial windfall due to a wedding, or any other scenario, here's the best place to stash your potential down payment cash.
"If a client of mine walked in with $30,000 of wedding money, I would say, 'Let's buy you a bond,'" he says.
Persons:
Homebuying, Douglas Boneparth, Mark La Spisa, let's
Organizations:
Bone, U.S
Locations:
Zola, New York City, Vermilion