Listen to advertisements for mortgages and you will hear everything under the sun regarding terms. So, what exactly is a down payment for a house?
First Time Buyers Program – Down Payment
Homeownership is one of the pillars of the American economy. To keep it propped up, there are many programs to help first time buyers make down payments.
Housing Down Payment Assistance HUD
As home prices continue to appreciate throughout the nation, down payments become harder to make. Housing down payment from HUD may be the answer.
Down Payment Gifts
One of the biggest hurdles to getting into your first home is the down payment. Down payment gifts represent one way of dealing with this issue.
The Down Payment and Mortgage Relationship
Most people automatically look for the lowest down payment option on mortgages. This knee jerk reaction is not always the best way to go.
Zero Down Payment Mortgage Loans
The days of most home owners putting ten percent down on a 30 year mortgage are long gone. One new option is zero down payment mortgage loans.
Subprime Mortgages How Large Of A Down Payment Do You Need?
Subprime mortgages offer more flexibility with down payments than conventional home loans. You can choose to put nothing or over 20% down. And with a subprime mortgage, you dont have to worry about paying private mortgage insurance.
Zero-Down Mortgages
Zero-down mortgages allow people with little money for initial costs to buy a home. Even with a zero-down mortgage you can expect to pay loan fees and points, which can still add up to a couple of thousands. However, the…
Down Payments Get Creative
One of the biggest hurdles to buying a home is the down payment. Saving up a chunk of change can be difficult, so getting creative is a key.
Down Payment Scams The IRS is Hunting
Coming up with the down payment for a home purchase can be a big hurdle. If you are straining to get the money together, be careful because the IRS is targeting down payment scams.
FHA Mortgages – Federal Housing Administration
The Federal Housing Administration has been helping Americans get loans for over 70 years. Heres an overview of the Administration, better known as the FHA.
Advantages of VA Loans over Conventional Loans
Obtaining a home loan for the purchase of property can be stressful and a massive experiment in red tape. Military veterans can avoid much of this with VA loans.
Unique Down Payment Strategy
Coming up with a down payment for a home can be a lengthy process. Most people do not realize they can use a unique down payment strategy to free up cash.