Tag: Down Payment

Posted on 12/06/2020
PMI and Down Payments
Image by Charles 🇵🇭 from Unsplash Part of buying a home is researching the market and your finances. Most lenders require you to put at least 20 percent down or pay private mortgage insurance (PMI). Since PMI is a cost that does not lower your interest rate or principal, it’s almost always better to save up that hefty...
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Posted on 11/24/2019
Buy Your First Home Sooner with a Down Payment Savings Plan
You’ve been thinking it for a while: “I really should start putting some money aside for a down payment.” But, you just can’t seem to find any wiggle room in your budget. You’re not alone. Saving for a down payment isn’t easy. Especially if you’ve got rent, car payments, student loans, and are trying to put money aside for...
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