Saving for a down payment can be a major challenge for homebuyers, but it is achievable with careful planning. Key strategies include setting a realistic savings goal, creating a dedicated savings account, developing a budget, automating savings, and using windfalls to boost funds. Reducing debt, exploring down payment assistance programs, increasing income, and considering co-buying options can also help. Commitment and patience are essential for building the necessary funds for homeownership, which is a long-term investment.
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