A down payment is a key part of buying a home. It’s the money you put down at the beginning of the purchase to prove that you’re serious about the purchase and that you have the financial resources to follow through. Down payments are typically 20% of the purchase price, but there are ways to save for a downpayment even if you don’t have that much money saved up.
Saving for a downpayment can seem like a daunting task, but if you take it one step at a time and stay focused on your goal, you’ll reach it in no time. By following these tips, you can save up the money you need to buy your dream home.