Tag: Down Payment

Posted on 01/09/2022
First-Time Homebuyers: 4 Things to Do Before You Find Your Home
Excited to shop for your first home? Before you schedule showings and attending open houses, there are a few steps you should take to prepare. 1. Check Your Credit Score If you're like most first-time homebuyers, you'll need to take out a mortgage in order to pay for your home. Before you apply for any kind of home...
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Posted on 10/24/2021
What to Consider When Deciding How Much to Put Down on a Home
Buying a home requires extensive financial planning. While the widely accepted standard for down payments has been 20% of the purchase price for decades, many are wondering if that’s still required. In reality, there are ways to qualify for a mortgage with less than 20% down payment—even some options without a down payment at all. However, there are...
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Posted on 04/19/2020
Home Financing - PMI and Down Payments
Image by Charles 🇵🇭 from Unsplash Part of buying a home is researching the market and your finances. Most lenders require you to put at least 20 percent down or pay private mortgage insurance (PMI). Since PMI is a cost that does not lower your interest rate or principal, it’s almost always better to save up that hefty...
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