One of the most important financial considerations of buying a new home is the interest rate paid on the mortgage. Over time, a higher interest rate can add thousands of dollars to the true cost of buying the home. When interest rates are low or steady buyers have greater confidence that they will ... » Learn More about Locking In The Mortgage Rate
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Why a 20% Down Payment Works Well
If you’re planning to buy a new home, you may be wondering about the down payment. Loan programs require down payments as low as 3.5% for FHA loans and there are conventional loans offering as low as 5%. While you have a lot of options, there are three strong benefits to making a 20% down payment on ... » Learn More about Why a 20% Down Payment Works Well
