home down payment Tag

Putting a 20% mortgage downpayment is all but dead. For first time buyers, most put down far less than 20% down when purchasing a home. Most buyers make down payments lower than 20% “It’s been my experience that about half of my clients know that there...

Homebuyers should be advised that a large enough down-payment can reduce monthly costs by avoiding mortgage insurance coverage. Mortgage insurance premiums (MIPs) and private mortgage insurance (PMIs) are exceeding 80% on loan-to-value ratios. Check out the article below for some useful information on this topic. Default...