Should You Save 20% For A Down Payment?
If you’re planning to buy a new home, you may be wondering about the down payment. Loan programs require down payments as low as 3.5% for FHA loans and conventional offers as low as 3%. While you have a lot of options, there are 4 strong benefits to making a 20% down payment on your home. 1. Lower I
How Much Home Can You Afford?
“How much home can I afford”? This question is asked by almost all buyers, not just first-time homebuyers. With changing interest rates, homeowner association fees, assessments and rising home prices, it’s natural to wonder what you can actually spend on a new home. The best way to answer this que
Should You Buy Down Your Mortgage Interest Rate?
Rising interest rates can be a major concern if you’re shopping for a new home. A higher rate reduces your buying power and increases the home's cost by thousands of dollars over the course of the loan. One option to avoid this is to “buy down” your loan rate. This allows you to purchase your home a
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