Down Payment

March 14, 2018

The Hidden Costs of Owning a Home

Financially, there’s more to buying a home than the purchase price—sometimes much more. After the down payment, and once your closing costs and monthly mortgage payments […]
March 24, 2018

Expert Insights: Why Do Lenders Require a Down Payment?

It protects them should you default on the loan, especially if you fail to make payments in the early years of the loan when more is […]
September 13, 2019

How much should you put down when buying a home?

Your down payment plays an important role when you’re buying a home. A down payment is a percentage of your home’s purchase price that you pay upfront when you close your home loan.
February 11, 2021

Do I Really Need a 20% Down Payment to Buy a Home?

Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes.