1. Talk with your family

Discuss your interest with nearest relatives who might help you with financial support. Perhaps they can give you an interest-free loan or simply pay a down payment for you.

2. Get additional job

Make an additional income, for example, by doing some freelance work on the side or finding a job you can do on weekends.

3. Reprioritize expenditures

Reduce your expenses on things you can easily live without: bring your meals from home, if possible, give up your gym membership and postpone traveling for a while. Check your expenditure for transportation and abstain from using fast and consumer loans, credit lines and overdrafts.  Refrain from spending money on things you may not need. If you tend to succumb to an unexpected buy, take a minute and evaluate your purchase. Do you really need it? Is it more valuable than your future house? This will discourage you from impulse purchases.

4. Use saving accounts

Move down payment funds from your non-interest checking account to an interest-bearing saving account.

5. Use cash rewards credit cards

Pick a payment card that pays cash-back rewards.

6. Move in with parents

Rent makes up to 2/3 of our monthly expenses. Moving back in with parents for a while can be a great way how save a considerable amount of money for your mortgage. Renting a smaller (cheaper) apartment also is a great option for saving.

7. Use existing home as an investment

If you already own a property, money from selling your existing home can definitely be a great way to finance a down payment.

8. Research local government programs

Investigate the Internet to find assistance programs for down payments or housing loans.

9. Arrange sales

You can easily get rid of things you haven’t used for years by selling them to commission shops or in auctions. Use online sites like ss.com or eBay to sell items you don’t need.