The Bigger Picture Behind Your Down Payment When you’re planning to buy a home, your down payment does more than determine how much you’ll need to bring to closing. It directly affects your interest rate, monthly payment, mortgage insurance,…
The Power of Creative Financing In today’s higher-rate housing market, many homebuyers are looking for ways to make homeownership more affordable without increasing their risk. Two of the most effective tools available are seller credits and rate buydowns. These…
Why Your Down Payment Source Matters When you apply for a mortgage, lenders care about more than just how much you’re putting down, they care where the money comes from. Every dollar used for your down payment must be…
The Myth of the “Required” 20 Percent Down Payment For decades, many buyers have heard that they need a 20 percent down payment to buy a home. That idea once had some truth behind it, but it no longer…
Understanding the Down Payment When it comes to buying a home, the down payment is one of the biggest topics of confusion. Many buyers still believe they need 20 percent down to qualify for a mortgage. In reality, most…
