The following is a sponsored partnership. All opinions are 100% my own. This movement is powered by Unison.
I have partnered with several amazing personal finance bloggers to help you save for your down payment on your next home.
Why am I doing this, you ask?
I want to help motivate my readers to save for their down payment for their home. I know many of you are interested in purchasing a home, but may not have the motivation to actually save for your down payment – and your down payment is so very important!
I purchased my first house at the age of 20. See, I needed a place to live (I was on my own since I was around 18 years old and my dad passed away. I received no inheritance, and desperately needed a place to call my own.
I was young, though, and I made so many mistakes when it came to purchasing a home. While I did manage to buy my own home when I was very young, there were so many mistakes that I made.
One thing I did was that I didn't save enough for a large enough down payment. Instead, I put the smallest amount that I could down and this led to me paying PMI. I recommend reading Can You Remove PMI From Your Mortgage? to learn more about PMI. [Read more…]