If you've been perusing the real estate market with the hope of purchasing a home, you may be aware that the often-touted amount you should put down is 20 percent. However, there are good things and bad things involved in investing so much money into your new home. If you're wondering how to decide on your down payment amount, here are some things to consider before putting in 20 percent. No Rainy Day Fund It might seem like the best option is to put down as much as you can, and use up your … [Read more...]

If you're just getting into the real estate market, you may have heard that 20% down is the ideal percentage in order to lower your monthly payments and get your mortgage application approved. However, while 20% is often suggested, many people struggle to come up with this amount of money. If you're staving off home ownership, here are some reasons you may not need to hold off as you long as you thought. Minimizing Your Insurance Costs Putting down 20% of the total purchase price of your home is … [Read more...]

With the rising cost of real estate, many people feel that now is a good time to buy a home to ensure a good financial future. However, if you haven't saved up enough money to make a down payment, it's possible you may be considering whether or not you should borrow the funds. If you're considering a loan from friends or family, here are some points you may want to think about before asking for a loan. Getting Out Of The Rental Market With even the rental market seeing huge increases in its … [Read more...]

Purchasing a home can be one of the most exciting and stabilizing investments of your life, but because of the expense, there are many ways you may be spending more money than you should. If you're wondering about the financial soundness of your home investment, here are some things to consider before putting anything down. Investing In Too Much Home Many homebuyers are so gung-ho about having their own home that they forget a mortgage takes many years to pay off and there's a lot of living to … [Read more...]