08/10/2026
Repeat buyers, you’ve got a big leg up on your next move.
It’s your equity, the difference between what your house is worth and what you still owe on your mortgage. Sell, and that equity turns into cash you can roll right into your next down payment.
That’s how a lot of repeat buyers put down 20% or more. But why do they, especially when they don’t necessarily have to?
Because putting more down saves you money in the long run. A bigger down payment means a smaller loan, so your monthly payment is lower and you’re paying less interest over time.
You can also skip private mortgage insurance, or PMI, which is an additional monthly fee required for loans with less than 20% down.
Talk to a trusted lender to figure out what down payment makes the most sense for your budget. And when you’re ready to kick start your move, let’s talk.
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