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 […]
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.
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.