Category: Downpayment
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How Much Is the First-Time Homebuyer Down Payment?
Stepping into the world of homeownership can be thrilling. But it can also be a tad overwhelming — especially when figuring out the initial cash you’ll need. Typically, a first-time homebuyer down payment hovers around 6% of the new home’s purchase price. This blog walks you through the ins and outs of down payments, offering…
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How to Buy a House with No Money: 7 Tips
If you’re wondering how to buy a house with no money, you’ve come to the right place. While it’s certainly easier to begin your journey as a first-time homebuyer when you have wads of cash on hand, a low bank account balance won’t necessarily prevent you from achieving your homeownership dreams. If you’re looking to…
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FHA Loan Down Payment and Closing Costs
Buying a home for the first time is one of the biggest decisions you’ll ever make — which is why it’s so important to learn about FHA loan down payment and closing costs. After all, becoming a homeowner is a massive investment, and the journey to homeownership includes all kinds of twists and turns —…
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PMI Guide: Your Guide to Private Mortgage Insurance
What is Private Mortgage Insurance (PMI)? Conventional wisdom says paying less for something like a car or computer upfront is better. But when it comes to real estate and homeownership, this doesn’t always apply. In some cases, paying more upfront can lead to substantial long-term savings. While it may seem counterintuitive to part with a…