• How to Save for a Down Payment If You're Currently Renting

    6 days ago - By RIS Media

    If you are renting an apartment but want to buy your own home, you'll have to save enough money for a down payment first. The amount will depend on the price of your dream home and the terms of your mortgage, but it'll most likely be several thousand dollars more than you currently have in your bank account. Saving money for a down payment while putting a significant percentage of your monthly income toward rent can feel daunting, but you can do it if you make some strategic decisions and commitments.
    Figure out How Much You Need
    If you have a pretty good idea of where you want to live and...
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