Down Payments

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62% of Buyers Are Wrong About Down Payment Needs

By |2019-10-07T10:00:55+00:00October 7th, 2019|

Contrary to common misconception, a down payment is often much less than many believe. According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market: “More than 6 in 10 (62%) Americans believe you must put at least 20% down in

A Latte a Day Keeps Homeownership Away [INFOGRAPHIC]

By |2019-08-23T10:00:56+00:00August 23rd, 2019|

Some Highlights: The pumpkin spice latte is launching soon, so you may be tempted to spend your extra cash on a daily caffeine fix, but that small expense can add up to a big number – fast! Saving for a down payment takes a little discipline, so limiting your extra purchases (like a latte a

How Much Do You Know About Down Payments?

By |2019-08-06T10:00:55+00:00August 6th, 2019|

Whether you’ve owned a home before, or you’re ready to jump into homeownership for the first time, there are always a lot of questions swirling around about what is truly required for a down payment, and how to best source down payment assistance. Let’s tackle these two today. 1. How much do you really need

5 Powerful Reasons to Own Instead of Rent

By |2019-07-09T10:00:33+00:00July 9th, 2019|

Owning a home has great financial benefits. In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained: “Homeownership appears to help borrowers accumulate housing and nonhousing wealth in a variety of ways, with tax advantages, greater financial flexibility due to secured borrowing, built-in

What You Need to Know About Private Mortgage Insurance (PMI)

By |2019-06-19T10:00:43+00:00June 19th, 2019|

Whether it is your first time or your fifth, it is always important to know all the facts when it comes to buying a home. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI). What

2 Myths Holding Back Home Buyers

By |2019-06-10T10:00:48+00:00June 10th, 2019|

Freddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.” Their research revealed that, “For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership. Part of the challenge for those planning to purchase a home is their perception of how much they will need to save