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If you currently are a renter who is looking to own a home, the first step is to figure out how you are going to save for a down payment. It sounds simple, but there's a number of ways to make it a smoother process. Check out these seven tips for renters who are looking to save for a down payment on a home, and get started down the path to home ownership!More people are renting than buying today compared to historical trends, but most renters eventually want to buy a home.

If you are currently a renter but are looking to eventually buy a home, you need to save for a down payment. Depending on your cash flow, this can potentially take a long time.

But the good news is you are reading this! I’m going to walk you through seven tips for renters who are looking to save for a down payment on a house. We’ll cover a lot of ground in these seven tips, and if you cover off on all of them you will put yourself in a great spot financially when you purchase your first home.

First I want to share a little about my own experience. Close to seven years ago my wife and I bought a fixer-upper. I learned a lot through the process (I highlight everything in this post if you want to read about it). Some of the lessons I learned will influence the seven tips I share, but a big one was you really can’t save too much because everything is m… Read More

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