Money Mint Path

You do not need 20% down to buy a house. Conventional loans allow 3% to 5% down, FHA loans need 3.5%, and VA and USDA loans can require 0%. On a $300,000 home, that means as little as $9,000 to $15,000 plus closing costs, not $60,000. Keep your down payment savings in a high-yield savings account earning 4% to 5%, automate a monthly transfer on payday, and combine spending cuts, extra income, and windfalls. Most people on normal salaries save a real down payment in 2 to 4 years using a simple system. Read more