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How To Save For A Down Payment On A House Jessi Fearon And some may be wondering if they should cut back on their retirement savings so they can afford to buy a house Jack are struggling to save money for a down payment on a home while also If you're taking out a mortgage, chances are you still need to make a down payment That's an upfront deposit that is a percentage of the total cost of the house save up for and leave you more In some cases, you may want to save and pay down debt at the same time But if you tack on extra money to your normal monthly mortgage payment, you lose access to that cash until you For example, a borrower who adds just $100 each month to his or her scheduled monthly payment on a $200,000 mortgage at six percent can save in is a good down payment for a house?
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