Evelyn Long

Evelyn Long avatar

Evelyn Long is a real estate and personal finance expert. She is the editorial director of Renovated and regularly contributes to Rental Housing Journal, National Association of REALTORS® and other web publications.

How to Set and Meet Savings Goals for Your Down Payment

Mar 4, 2022

Reading time: 5 Minutes

Evelyn Long

While purchasing a home without a down payment is possible, most people don’t recommend this approach. That’s because paying a significant percentage of the sales price upfront can save you thousands of dollars in the long run. From lowering interest rates to decreasing closing costs, making a reasonable down payment is the savviest decision a homebuyer can make.

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