downpayment

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 a lot of things in a mortgage. The higher the down payment, the more favorable the interest rate becomes. Also, th...

If you can’t come up with a large down payment for a home, you may consider an FHA loan. Because you can qualify for a loan with just 3.5% down, it may be easier to buy the home of your dreams. The FHA makes it easier for first-time homebuyers as well as repeat buyers to buy a home. Looking for Current Mortgage Interest Rates? Click Here. Below we help you understand the down payment rules and how they apply ...