10/31/2022
Saving for your down payment is likely top of mind as you set out to buy a home. But do you know how much you’ll need to save?
While each situation is different, there’s a common misconception that putting 20% down toward your purchase is required.
An article from the Mortgage Reports explains why that’s not always the case:
“The idea that you have to put 20% down on a house is a myth. . . . The right amount depends on your current savings and your home buying goals.”
To understand your options, partner with a trusted real estate professional to go over the various loan types, down payment assistance programs, and what each one requires!
As a real estate agent in Longmont, CO I can help take the fear out of saving for a new home. Real this article to learn more!