The down payment amount varies depending on the value of the home you choose and your mortgage lender. First-time home buyers may also qualify for down-payment assistance programs and grants available through their local city and state. We can provide contact information to our state housing finance authority, so you may apply for these amazing benefits.
Without proper down payment (about 20% of home price) you will pay more including private mortgage insurance (PMI). We have heard lenders also suggest a savings of emergency funds set aside (equally 8 months worth of mortgage payments) as an ideal setting to purchase a home.
Less stress for you is our goal. Call us today. 220-6330.
No comments:
Post a Comment
Thank you for taking the time to add a comment. Not all comments are posted and shared. Please feel free to email me directly at: GoodNewsCarsonCity@gmail.com.