When you are looking to buy a home, there isn’t wiggle room to forget or overlook any part of the process. Here are a few common mistakes that can easily be avoided.
Why the 20 Percent Down Payment Isn’t Always the Best Option
The 20 percent down payment on a conventional loan is one of those “everybody knows” items, as in “everybody knows you have to put 20 percent down.” In reality, however, there are a variety of down payment options available in the mortgage marketplace, and a 20 percent down payment may not be the best choice for your particular home purchase scenario. Find out what you need to know to determine the down payment amount that’s right for you and for your next home purchase.