Bottom Line
Gone are the days of 20% down or no loan! If your dreams include buying a home of your own in the next year, you can get creative with your down payment savings to make it happen!
Last week I published an article on how to lower the length of time you need to save for a downpayment. Then I saw this article on the new trend for “Crowdfunding” your downpayment! There have been a lot of GoFundMe programs on Facebook lately and people adopting charities to fund for birthday presents but I have not seen a Crowdfund! Apparently buyers are setting up these funds so that friends and family can donate money to the downpayment rather than buying gifts. Some people are asking for their wedding presents this way and walking away with a lot of money! Something to consider in this era of people living together and marrying later, they already have everything they need for their house they just need a house to put it in!
Courtesy of Keeping Current Matters 2018
Gone are the days of 20% down or no loan! If your dreams include buying a home of your own in the next year, you can get creative with your down payment savings to make it happen!