If you are planning on purchasing a home and are wondering how much money it will take to get into it, this information may help. The minimum down payment when purchasing a home using an FHA mortgage is 3.5 percent. Conventional mortgages, meaning those using Fannie Mae or Freddie Mac guidelines, now have a minimum down … Continue reading The Cost of Closing: It’s About More Than the Down Payment
Purchasing a home is exciting and an adventure – even for second-time buyers. However, seasoned buyers are more likely to remember something first-timers may not realize … Your initial investment may be more of an investment that you thought. That scary down payment isn’t the only cost you need to consider. You also have to … Continue reading It’s Not Just About Your Down Payment
There are only two major investments to consider when buying a home. They are the initial investment, which includes the down payment and closing costs, and the monthly payment, which includes principal, interest, taxes and insurance. Here are some things to consider. Initial Investment Choose a low or zero down payment loan. You don't necessarily … Continue reading How to Save on Your Initial Home Investment and Monthly Payments
