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The Real Meaning of Zero Down Payments & the Implications of This Practice

The typical home down payment is about 20 percent of the purchase price. This amount is used as the standard when saving up to buy a home. However, over time, other down payment amounts and mortgage programs have popped up. There were even programs created that offered low to zero down payment options for home purchases. Then, the bottom fell...

What is Private Mortgage Insurance?

Home ownership is something that many people in America want, but something that can be a process to attain. Quite often, one of the most difficult things for people to achieve is saving up the down payment that financial institutions require before they approve a mortgage. For many buyers, the down payment amount is typically 20% of the value...

Must-Follow Advice for First Time Home Buyers

Buying a home is one of the most exciting times in your life, but it can also be one of the most daunting experiences. The home buying process does not have to be stressful if you use the right strategy and prepare beforehand. This article discusses the best advice for home buyers from those who have already gone through the process, including...

Open the Door to Your New Home with Down Payment Assistance

Many first time home buyers often hit a major roadblock when they encounter down payment requirements. The expectation within the mortgage industry is that 20% of the mortgage amount will be made as down payment. This is simply more than many first time home buyers can manage without help. As discouraging as this may be at first glance, there...

Are Online Mortgage Lender Reviews Reliable?

In today’s world, almost everything is digital and can be found online. Customer reviews for almost every product or service under the sun have become ubiquitous on the internet, and mortgage lender reviews are no exception. But, how reliable are they really?

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