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Tag: Down Payment

Posted on 05/08/2022
Financial real estate terms buyers should know
The more real estate terms you understand, the more comfortable you will be in your home buying process. This is especially true for financial vocabulary related to real estate transactions. To help familiarize you with some of these important concepts, here is a quick guide to financial real estate terms: Fixed rate mortgage A fixed rate mortgage is...
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Posted on 06/27/2021
The Pros & Cons of Higher Down Payments: What Homebuyers Should Consider
Buying a home requires extensive financial planning. While the widely accepted standard for down payments has been 20% of the purchase price for decades, many are wondering if that’s still required. In reality, there are ways to qualify for a mortgage with less than 20% down payment—even some options without a down payment at all. However, there are...
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Posted on 08/11/2019
Stuffing the Piggy Bank
The idea of homeownership can seem daunting if you doubt you can save up a down payment. After all, even a modest house on a conventional mortgage requires twenty percent plus the closing costs. When saving up seems out of reach, try these creative tips to grow your nest egg: Delay gratification A lofty word for a simple...
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Posted on 01/28/2019
How to Aggressively Save for a Mortgage Down Payment
Buying a home will likely be one of the largest financial decisions you will make in your lifetime. While this may seem scary at first, it’s worth noting that buying a home can also be a valuable financial investment. When it comes to preparing to buy a home, many people just wait until they run out of room in...
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