Categories for Down Payment

How to Get A Mortgage With No Down Payment

August 24, 2015 by 2 Comments

Without a doubt, the biggest hurdle first-time home buyers face is saving for a down payment. It makes sense that reducing or increasing the amount needed for a down payment has a direct and immediate impact on demand, more than changes in mortgage rates or even home prices. However, with recent changes in lenders’ loan... View Article

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Should You Save for a Down Payment, or Pay Off Debt?

July 22, 2015 by Leave a comment

These days, debt free is the end game for a significant chunk of the population. But if you’re still not quite there yet and you’re itching to start building equity in a new house, you may be wondering where exactly your priorities (and your savings) should lie: in an account marked “future down payment” or... View Article

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Saving for a Down Payment? Try These Strategies

April 30, 2015 by Leave a comment

So, you want to buy a house but don’t think you can afford a down payment. Your dilemma isn’t uncommon—and yes, saving money is much easier said than done. But even if you don’t have a lot of disposable income, there are creative strategies to save up for a house. You might not be able... View Article

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How to Get a Mortgage With Little Savings

April 16, 2015 by Leave a comment

If you don’t have a lot of cash in your savings account, you might think you can’t qualify for a mortgage. Between closing costs and down payments, getting a mortgage is expensive. And some first-time homebuyers think every mortgage lender requires a 20 percent down payment. However, many lenders require much less from buyers, which... View Article

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Why You Shouldn’t Put More Than 20% Down

February 23, 2015 by Leave a comment

If you have good credit, most mortgage lenders aren’t going to require a 20 percent down payment. Today, you can get a mortgage with as little as a three percent to five percent down payment, which puts homeownership within reach for many. However, if you have a huge bankroll, you might consider putting down 20... View Article

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A Guide to Getting Your First Mortgage

February 16, 2015 by Leave a comment

Fortunately, buying your first place doesn’t have to be an uphill battle. Preparation is key, and if you take the following steps, getting your first mortgage might be a breeze. 1. Pay all your bills on time  A mortgage loan is a big commitment. Before a lender approves your application, the bank will review your... View Article

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