Are You Overestimating Down Payment Costs?

Are You Overestimating Down Payment Costs?

One of the most common home-buying myths has to do with down payments. You’ve probably heard it-that you need a 20% down payment to purchase a home. You may be surprised to learn that this just isn’t true these days.  How Much Should You Put Down? According to...

Pros and Cons of a 20% Down Payment

While a 20% down payment used to be the norm, now most lenders allow buyers to purchase a home with a much lower down payment – as low as 3% – 5%.  Even with low down payment options, many consider 20% to be the ‘golden rule’ of purchasing a home....