Tag: Down Payment

Posted on 11/03/2024
Financial real estate terms buyers should know
The more real estate terms you understand, the more...
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Posted on 09/01/2024
Using a gifted down payment to buy a home
Potential homebuyers with generous connections may benefit...
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Posted on 07/26/2020
Image by Charles 🇵🇭 from Unsplash Part of buying a home is researching the market and your finances. Most lenders require you to put at least 20 percent down or pay private mortgage insurance (PMI). Since PMI is a cost that does not lower your interest rate or principal, it’s almost always better to save up that hefty...
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Posted on 11/24/2019
How Much to Save Before Buying a Home
Buying a home is a big financial endeavor that takes planning and saving. Aside from a down payment, hopeful homeowners will also need to save for closing costs and moving expenses. When it comes to the down payment amount you’ll need to save, many of us have often heard 20%, the magic number. However, there are a number of...
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