Becoming a homeowner for the first time is an incredible experience, but it is certainly not an easy road. When you are in the steps of preparing to buy a home, one of your main focuses should be on the down payment. If you start looking at homes with enough money saved up, you can enjoy low mortgage interest rates.
Set the Minimum at 20 Percent
The lowest that you should set your sights on for savings is a 20 percent down payment. However, since you cannot determine exactly how much you will want to or end up being able to spend on a home, you should be on the conservative side and save up enough to handle this expense on the higher side.
Save More Money, If Possible
If you are not in a rush to purchase a home, but want to enjoy the lowest…