Tag: down payment
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The Lowdown for the First-Time Home Buyer: Best Advice We’ve Heard
Hindsight is 20/20. That’s why we can learn so much from people who’ve already acquired their deeds. What key piece of wisdom would they have loved to hear at the start? So here it is. A collection of the best thoughts we’ve heard from seasoned homeowners.
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Why People Who Could Pay With Cash Get Mortgages
If you happen to have half a million dollars, you could buy the typical U.S. home with cash. But would you? Do the current mortgage interest rates impact your decision? Let’s take a walkthrough, Q and A style.
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The Rise and Rise of Down Payments
A down payment is the portion of a home’s purchase price the mortgage borrower pays upfront. You knew that. But did you know the median down payment for U.S. homebuyers is now more than $55K+? That’s remarkable. It was less than $45K just last year. Buyers often try to put 20% of the purchase price down.…
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Do I Have to Pay Off My Student Loans Before Buying a Home?
This month, 150,000+ people received emails that say some of their student loan debt will be forgiven. The latest $1.2 billion worth of debt forgiveness is a ray of sunshine for many potential first-time homebuyers. It impacts a person’s access to mortgage loans, and therefore the ability to acquire property deeds. But what about the…
