Down Payment
Description
Myth or nah? “A large down payment is always required to buy a home.”
MYTH!
Many renters or first-time homebuyers look at their local housing market and never consider buying because they think they need a 10% or 20% down payment in order to get a mortgage.
A larger down payment does mean lower monthly payments overall, but not having the cash to put 20% down isn’t a deal breaker.
Remember, your Mortgage Broker is your financial friend when you’re determining how much you can qualify for and afford, and they will consult you on how much of a down payment you will require
MYTH!
Many renters or first-time homebuyers look at their local housing market and never consider buying because they think they need a 10% or 20% down payment in order to get a mortgage.
A larger down payment does mean lower monthly payments overall, but not having the cash to put 20% down isn’t a deal breaker.
Remember, your Mortgage Broker is your financial friend when you’re determining how much you can qualify for and afford, and they will consult you on how much of a down payment you will require
Details
| Date Added | 2023-05-04 |
| Product Id | 10545428 |
