Saving up for your first house can be difficult and confusing, even to financially savvy homebuyers. Conventional wisdom says that you’ll need at least 20% of the purchase price for a down payment, and after adding closing costs, taxes, fees and any necessary repairs, the bar to homeownership can often seem too high to clear.
Today, we’ll cover details on home down payments — and tips to start saving a home of your own. You may be surprised to learn how attainable homeownership can be.
Read the full article in the Finances FYI section of The Seattle Times, sponsored by 1st Security Bank.