Search results for “Down Payment”


Mortgage 101: Lingo You Need to Know
March 19, 2021

Mortgage 101: Lingo You Need to Know

However, taking out a mortgage is not exactly a simple, or easy-to-understand, process. If you’re not well-versed in the loan lingo, you might not realize what you’re getting yourself into…and that co...


Smart Ways to Save For a Down Payment
September 14, 2021

Smart Ways to Save For a Down Payment

Purchasing a home is totally doable, it just requires some financial planning and preparation. In a recent survey from Cultural Outreach, most NextGen (both millennial and Gen Z demographics) first-ti...


Get Help with Your Down Payment and Closing Costs on Your First Home
November 23, 2020

Get Help with Your Down Payment and Closing Costs on Your First Home

With ever-increasing apartment rental rates and student loan payments to manage, 5 in 10 millennials consider coming up with a down payment a major barrier to owning a home. And that’s before closing ...


10 Questions for the First Meeting With Your Loan Officer
May 10, 2021

10 Questions for the First Meeting With Your Loan Officer

They will walk you through every step of the home loan process, from applying and submitting financial documents to closing on your home purchase, and even repaying the mortgage. But before you ever s...


How to Save for a Down Payment While Working in the Gig Economy
June 7, 2019

How to Save for a Down Payment While Working in the Gig Economy

Set a Budget The very first thing any future homebuyer should do -- regardless of their career structure -- is to set a monthly budget. This enables you to determine how much you are capable of puttin...


What You Need to Know About the 20% Down Payment Myth
July 19, 2021

What You Need to Know About the 20% Down Payment Myth

How Low Can You Go? Once upon a time, saving for a 20% down payment was an expected part of buying a home. However, the introduction of the FHA mortgage in the 1930s did away with this hefty savings r...


How Much Money Do You Really Need to Save to Buy a House?
January 4, 2021

How Much Money Do You Really Need to Save to Buy a House?

Ongoing expenses Costs that persist over time once you become a homeowner Property taxes Property taxes vary by state and county and are usually included in your monthly mortgage payment. Property tax...


Mortgage Down Payment in 2022 - What You Need to Know
January 31, 2022

Mortgage Down Payment in 2022 - What You Need to Know

What is a Down Payment? A down payment is a percentage of the home’s purchase price that is paid in full at closing, upfront. (Hence why building up your savings is so important!) Additionally, it’s...


What is Equity?
August 5, 2021

What is Equity?

How to Build Equity in My Home Buying a home is an investment. That’s one of the major perks of homeownership. As with any investment, the idea – and goal – is to build wealth over time. The concept i...