Why Saving For A Down Payment On A Home Isn’t Smart

saving for a down payment on a house

Can you believe that saving for a down payment on a home might not be the smartest thing to do? It’s absolutely true. Now, it’s obviously smarter to put some money down vs. no money down (that’s not what we’re talking about here). But, there are times where putting money down on a house might lead you toward financial suicide vs. financial success.

Why Saving For a Down Payment on a Home Isn’t Smart

This post has been written by our staff writer, Kimberly Studdard.

If you log in to Facebook, you’re bound to come across tons of posts by people who have bought their first homes and they only had to put down 3.5% as a down payment. Or, there are those who saved up thousands of dollars just to be able to afford and get into the home that they wanted. Sure, they ended up getting the house, . . . → Read More: Why Saving For A Down Payment On A Home Isn’t Smart