down payment

Don’t Believe These 7 Common Mortgage Myths

Myths run rampant in the mortgage industry, and too often, they keep well-qualified buyers from purchasing their dream homes. The 20% down rule? A myth. The W-2 requirement? Another myth. The no foreclosures or bankruptcies thing? That’s a myth, too. The truth is a lot of what you hear about the mortgage process is [...]

By |2019-08-22T11:49:23-04:00December 3rd, 2018|Categories: Home, Mortgage, Purchase|Tags: , , , |

How to Calculate Your Mortgage Payment

Buying a home is probably the single largest purchase you’ll ever make in your life, and unless you are independently wealthy, you’ll need to take out a mortgage to help finance the cost to purchase one. For many, the biggest question then boils down to, “What are my monthly payments going to be?” Unfortunately, the [...]

By |2018-10-12T16:25:18-04:00October 12th, 2018|Categories: Mortgage, Purchase|Tags: , , , |

5 Creative Ways to Save for a Down Payment

The need to save for a down payment has become one of the biggest hurdles for today’s home buyers. Faced with rising home prices (meaning a larger down payment is required), plus surging student loan debt, many buyers can barely save at all — let alone enough to buy their dream house. So what do they [...]

By |2019-08-06T08:30:30-04:00September 26th, 2018|Categories: Budget, Financial, Purchase|Tags: , , |

Saving for Your Down Payment

You've decided to buy a home! Now it's time to save up. Buying a home is the single most expensive purchase most people will ever make. As you're dreaming about your new home, you're likely saving for the down payment. It actually may not be as difficult as you think. There are many programs and [...]

By |2018-11-19T03:44:06-05:00April 21st, 2018|Categories: Purchase|Tags: , |

Don’t Have 20% to Put Down? Here are Your Options

It’s an age-old myth that buyers need to put 20 percent down in order to own a home. In fact, many of today’s most popular lending programs require only a mere 3 to 3.5 percent up front. Some programs even waive down payments altogether. Are you worried you don’t have enough saved up to make [...]

By |2018-11-14T05:19:04-05:00April 19th, 2018|Categories: Mortgage|Tags: |

What You Need to Know When Getting Help with a Home Down Payment

When it comes to buying a home, there’s not just the mortgage rate and listing price to worry about. You also have to cover the home down payment---and if you don’t have much (or any) in savings, this could be the trickiest part of your purchase altogether. Though you certainly don’t need to put 20 percent [...]

By |2018-01-02T11:45:10-05:00January 9th, 2018|Categories: Mortgage, Purchase|Tags: , , |