Financial Resources Blog

Let's Keep it Local!


Is a Zero Down Payment on a Mortgage a Smart Move?

There are many different types of mortgages out there that vary in terms, rate, length and more. However, zero down payment mortgages can sometimes catch first time home buyer’s eye, since a down payment is a large sum of money. Although zero down payments sound great in theory, it is not always the best option for buyers.

How to Calculate PMI for Your Mortgage

Imagine you have found the perfect house for your family. The yard, the finished basement, the two-car garage, all the bedrooms, and bathrooms -- it’s the ideal space. But there is a problem. The standard 20% down payment is more than you can afford.

What Are My Mortgage Options If I Need a Low Down Payment?

Buying a home is a great long-term investment. However, qualifying for a mortgage will require a borrower to put forth a 20% down payment towards the purchase of the home. For many prospective buyers, this can be unaffordable. Fortunately, there are several ways that a borrower could qualify for a mortgage even if they have a low down payment.

Does a Zero Down Payment Seem Tempting? It's Usually Too Good To Be True

If you’re thinking about buying a home, you may have heard or seen advertisements for zero down payment loans. Lenders will sometimes use low or zero down payment as a teaser in advertisements to lure mortgage shoppers and begin a conversation. In reality, most people won't qualify for a zero down payment mortgage and for those who can qualify;...

What is PMI & What You Should Know

Although the decision to own your home is exciting, it is definitely a process to get the best end result for you. Homeownership is an important and expensive investment that requires most people to save for a number of years. For most people, the journey to home ownership begins with making a down payment so they can take out a mortgage....

Recent Posts