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10 Ways to Pull Together the Down Payment for a Home

10 Ways to Pull Together the Down Payment for a Home

Where can you find a huge wad of cash for the down payment on a new home? MoneyTalksNews has some suggestions.

If a home purchase is in your future, now is the time to start saving for the 20 percent down payment you probably need.

down payment for home

Of course, you can buy a home with less than 20 percent down. The Federal Housing Administration has lowered down-payment requirements for mortgages it insures to as low as 3.5 percent to make it easier for buyers to get into the market.

But if you contribute less than 20 percent down on a home purchase, you’ll be required to buy private mortgage insurance, or PMI. PMI protects the lender from the chance you’ll fail to make your payments.

Read more…

Laurie Millane
Millane Virtual Assistants, LLC
Millane
Business & Real Estate Support Specialist
An Eco Conscious MAC VA

Are you one of the cool kids that is savvy enough to work with a VA?

Your referrals are important to me. If you know other Real Estate Professionals that would benefit by working with me, please feel free to pass on my info.

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Heather Stewart

Coldwell Banker Plaza Real Estate
12221 E Central Ave.
Wichita, KS 67206
Phone: (316) 204-3645
©2019 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

 

 

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