Introduction
This article is written with an aim to help young adults get a low-risk steady return from the equity market to be able to afford a down payment within 10 years of investment. Although first-time buyers typically opt for an FHA loan, we stick to the traditional wisdom and choose the conventional 20% down to obtain better loan terms and avoid paying for PMI or MIP, which is a huge cost-saver in long-term. More importantly, this strategy does not require any investing nor stock-picking skills whatsoever; it is instead designed for laymen who have