If you’re planning to buy your first home, saving up for all the costs involved can feel daunting, especially when it comes to the down payment. That might be because you’ve heard you need to save 20% of the home’s price to put down. Well, that isn’t necessarily the case. Unless specified by your loan type or lender, […]
5% down home loans
Home Loans: The 20% Down Myth
– The Myth of 20% Down for a Home Loan – Today’s post is a guest post from Phil Wright, a lender with Nova Home Loans in Scottsdale. [hr] For many years, potential homebuyers have been put off or scared of purchasing a home because they have heard that they are required to put 20% […]