How to Save for a House While Renting – Bankrate

  • December 4, 2020
  • By: Greenpath Financial Wellness
  • GreenPath Financial Wellness is a trusted national nonprofit with more than 60-years of helping people build financial health and resiliency. Our NFCC-certified counselors give you options to manage credit card debt, student loans and homeownership.

The website bankrate.com asked GreenPath to weigh in on saving for a down payment while renting.

 

Homeownership “has always been the American Dream, but it kind of feels out of reach for a lot of people,” explains Jennifer Fraser, director of stakeholder engagement and contact center operations for GreenPath Financial Wellness, headquartered in Farmington Hills, Michigan.

While this sounds stressful, there are still ways to save money or get assistance for a down payment — and with mortgage rates so low, now may be a great time to explore these strategies.

MANAGING RENT PAYMENTS? 6 STEPS TO TAKE NOW

Whether you are trying to save up for a down payment or coping with unexpected circumstances including lost or reduced monthly income, there are many options to reduce stress. Our renter’s guide offers six steps to take to better manage rental payments.

CHECK OUT THE RENTER’S GUIDE

 

GreenPath offers renters resources as well as homebuyer education programs to help build strategies to meet your goals..

Read the complete Bankrate article >

 

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Understanding how to achieve your financial goals, like home ownership while renting. Our financial counselors are available to talk. They can help you figure out a plan and will walk through your whole financial picture to help you get options to move forward.

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Greenpath Financial Wellness

GreenPath Financial Wellness is a trusted national nonprofit with more than 60-years of helping people build financial health and resiliency. Our NFCC-certified counselors give you options to manage credit card debt, student loans and homeownership.