Saving money for a down payment can seem like a tough job. Before you go hiding it under your mattress, you should think twice, though. You’ll want to save that money somewhere that your future lender can track it. They need to know its origination and from under your mattress isn’t an option. You Read more
How Can You Use Seller Concessions?
Buying a home means more than coming up with a down payment and affording the mortgage payment each month. You also have to be able to afford the closing costs. With closing costs totaling between 5-7% of your loan amount, that’s no small chunk of change you must come up with to buy a home. Luckily, Read more
How Much of a Mortgage Down Payment Can be a Gift?
You can receive as much as 6% of a home’s sale price as a gift. While that sounds amazing, there are certain rules you must know. If you don’t follow the rules to the letter, you could find yourself without the ability to use the funds and possibly even without a loan.Compare Offers from Several Read more
8 Ways to Save Big for a Mortgage Down Payment
Skipping your favorite coffee shop drink or giving up your gym membership isn’t the way to save for a big down payment. Making yourself miserable is not the motivation you need to save for a house. Learn the faster way to save big to buy a home with these tips.Looking for Current Mortgage Read more
Searching for Down Payment Money Outside Your Own Pocket
We know how exciting it is to get the first set of keys to your very own house. But before you get there, you must get past one struggle that is common to most people who want to become homeowners — the down payment.The mortgage down payment is an essential element in homeownership. It affects Read more
