The Lowdown on Down Payments: Everything a Home Buyer Needs to Know

Ask most people what’s the home-buying-the-low-down-on-no-down-payment-mortgagesbiggest obstacle to buying a home, and hands down they’ll say it’s scraping together enough money for a down payment. But understand a key point: This is not a separate and distinct issue from landing a mortgage. Lenders, after all, like to see clients lay down a sizable chunk of change before they fork over a mortgage, because this shows you have skin in the game and lowers the odds that you’ll default on your loan. So how large a down payment do you really need?

Click here to read the full story.

Advertisements

One thought on “The Lowdown on Down Payments: Everything a Home Buyer Needs to Know

Comments are closed.