Buying a home is a great long-term investment. However, qualifying for a mortgage will require a borrower to put forth a 20% down payment towards the purchase of the home. For many prospective buyers, this can be unaffordable. Fortunately, there are several ways that a borrower could qualify for ...
If you’re thinking about buying a home, you may have heard or seen advertisements for zero down payment loans. Lenders will sometimes use low or
The typical home down payment is about 20 percent of the purchase price. This amount is used as the standard when saving up to buy a home. However, over time, other down payment amounts and mortgage programs have popped up. There were even programs created that offered low to zero down payment options... 
Many first time home buyers often hit a major roadblock when they encounter down payment requirements. The expectation within the mortgage industry is that 20% of the mortgage amount will be made as down payment. This is simply more than many first time home buyers can manage without help. ...
Stay up to date with the latest posts.
Committed to making our web content accessible to all. |
 |
© 2024 Mechanics Cooperative Bank.
All Rights Reserved.
