Articles

• Author: Noah Koch
• Posted: 2024-11-06

A down payment is a sum of money paid upfront by a buyer when purchasing a house or a car, typically representing a percentage of the total purchase price. The purpose of a down payment is to reduce the len...

• Author: Margaret Hills
• Posted: 2024-10-08

When buying a home, the down payment is often the biggest obstacle. Most people give up because they think it's impossible to come up with such a large amount of money in a short period. Yo...

• Author: Margaret Hills
• Posted: 2024-08-23

Saving for a down payment can be one of the most intimidating financial hurdles you'll face. It requires discipline, dedication, and sacrifice but also offers an opportunity to learn valuable lessons about mo...

• Author: Margaret Hills
• Posted: 2024-10-21

Perceptive homebuyers know that a well-planned budget is critical to success in the real estate market. Whether you're looking to buy your first home or upgrade to a larger one, start planning and budgetin...

• Author: Margaret Hills
• Posted: 2024-11-15

When investing in a home, the down payment can considerably influence your total cost. It ranges from 5% to 20% of the purchase price; you must pay it upfront. Besides, it affects both your interest rate and monthly ...

• Author: Margaret Hills
• Posted: 2024-06-22

Investing in a home is an enormously important decision, as it comprises the most significant financial commitment anyone will make during their lifetime. When purchasing a home, the down payment is an essentia...

• Author: Margaret Hills
• Posted: 2024-11-02

A down payment is among the critical steps toward buying a home. It's an important factor in determining whether you can get the loan and affects your ability to secure a mortg...

• Author: Margaret Hills
• Posted: 2024-07-21

For most prospective homebuyers, the down payment is one of the biggest hurdles. Even if you can find a great mortgage rate, you still need some money saved up to pay a down payment on the home. Fortunately, this isn&...

• Author: Noah Koch
• Posted: 2024-11-03

Coming up with a down payment for a house is one of the most difficult aspects of home buying. The prospect of putting down $10,000 or more can be daunting and can prevent potential home buyers from moving forward. The amount needed for a down payme...

• Author: Noah Koch
• Posted: 2024-09-04

In 2022, the median down payment for first-time home buyers was about 13%. This represents an increase from 2021 when the down payment for first-time home buyers was around 7%, while for repeat buyers it was about 17%. F...