Down Payments

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How Buyers Can Win By Downsizing in 2020

By |2020-01-22T17:23:34+00:00January 22nd, 2020|

Home values have been increasing for 93 consecutive months, according to the National Association of Realtors. If you’re a homeowner, particularly one looking to downsize your living space, that’s great news, as you’ve likely built significant equity in your home. Here’s some more good news: mortgage rates are expected to remain low throughout 2020 at

What You Need to Know About the Mortgage Process [INFOGRAPHIC]

By |2019-11-06T17:44:09+00:00October 11th, 2019|

  Some Highlights: Many buyers are purchasing homes with down payments as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Your local professionals are here to help you determine how much you can afford, so take advantage of the opportunity to learn more.

62% of Buyers Are Wrong About Down Payment Needs

By |2019-11-06T17:48:48+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