Tag Archive: 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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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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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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How to Compare Mortgage Loan Products

October 23, 2014 by Leave a comment

There’s no such thing as a one-size-fits-all mortgage. Some products are specifically for high-end buyers, whereas other products are geared toward borrowers with not-so-perfect credit. This is why blindly choosing a mortgage product is one of the worst things you can do when buying a place. Shopping around may be a tedious job, but it’s the... View Article

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Getting a Mortgage is About to Get Easier

October 22, 2014 by Leave a comment

For the last few years, sizable down payments have been the lender-mandated norm, after thousands and thousands of loans gone bad sent the housing market stumbling. But this may have changed yesterday (Tuesday, October 21st, 2014, for those of you in the future). According to The Wall Street Journal: Federal regulators took a big step toward... View Article

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Is It Really Better to Buy a Home When Interest Rates Are Low?

September 1, 2014 by Leave a comment

With interest rates still low, many people remain interested in purchasing a home whether it’s their first one or second. The cost of doing so can be affordable and in a recent North Shore Bank/GMAR Home Affordability Report, shoppers in the second quarter could still buy a home with a small monthly payment as compared to late in... View Article

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