What You Really Need To Know About Down Payments
Some Highlights
- There’s a misconception going around that you have to put 20% of the purchase price down when you buy a home. But the truth is, many people don’t put down that much unless they’re trying to make their offer more competitive.
- And if you want to give your savings a boost, look into down payment assistance. Most first-time buyers qualify and the typical benefit is $17,000.
- To learn more about loan options or down payment assistance programs, connect with a trusted lender and check out downpaymentresource.com.
Categories
Recent Posts
What a Fed Rate Cut Could Mean for Mortgage Rates
Patience Won’t Sell Your House. Pricing Will.
Mortgage Rates Just Saw Their Biggest Drop in a Year
Why 50% of Homes Are Selling for Under Asking and How To Avoid It
Builder Incentives Reach 5-Year High
What Mortgage Delinquencies Tell Us About the Future of Foreclosures
Thinking About Renting Your House Instead of Selling? Read This First.
What Everyone’s Getting Wrong About the Rise in New Home Inventory
History Shows the Housing Market Always Recovers
Should You Still Expect a Bidding War?
GET MORE INFORMATION
