Scrounging up the money for a down payment on a home may seem futile, depending on your situation. Saving money for a rainy day period can seem like a challenge – Daniel Bortz via realtor.com writes 69% of Americans have less than $1,000 in savings according to a recent survey by GOBankingRates.com.
One concern of many first time home buyers is saving money for a down payment. Saving, after all, can be difficult to do when you’re already paying rent, right? Wrong!