Down Payment – How Much Do You Need To Save?

Kate Marrone First Time Homebuyer Info, Info on Home Financing Leave a Comment

What’s the #1 thing that prevents first timers from buying sooner?  You guessed it!  Saving for a down payment.

It’s no secret that saving 20% can take a while… after all, it’s tens of thousands of dollars of your hard earned money.

So what to do when it seems like you’ll never get there?

National Association of Realtors

National Association of Realtors

 

This great article from the National Association of Realtors touches on some of the Pros and Cons of waiting until you have 20% down vs. considering lending options with much less cash required.  Take a look…

http://www.realtor.com/advice/much-need-payment/