Do Low Down Payments Make Mortgages More or Less Affordable? File this question under “it depends.” It’s true that loans with down payments of 20 percent or more cost borrowers less over time than...
How Low Should You Go? Pros and Cons of a Low Down Payment When it comes to a down payment on your home, are you aiming high or low? The down payment is the number one reason...
Is Mortgage Insurance Really Worth It? If you’re considering a low down payment mortgage—less than 20%–you may have heard you’ll need to pay mortgage insurance (also known as MI, private...
New Changes to Low Down Payment Mortgages: What You Need to Know Recently, mortgage investor Freddie Mac clarified that it would not purchase certain low down payment loans that include lender contributions to the buyers’ down payment if they...
FHA: Affordable or Not? If you’re a first-time homebuyer, you’ve likely heard of an FHA loan. Why do so many first-timers flock to FHA? These loans, insured by...
