5 Tips for Saving for a Down Payment on a Home

The first financial challenge when you're thinking about buying a home is how to come up with the down payment.

Traditionally, homebuyers need a down payment between 10 percent and 20 percent of the purchase price. During the housing bubble that figure dropped sharply, even down to zero. But loans that didn't require a down payment are now seen as one of the culprits of the mortgage crisis, because they allowed people to buy homes they couldn't afford.

Click here to read entire artice: 5 Tips for Saving for a Down Payment on a Home...