24 Jul 2026
By Mark Feder

How a Small Down Payment Can Still Lead to Homeownership

Mortgage Tips
Many people believe they need a large down payment before they can buy a home. While making a larger down payment can have benefits, it is not the only path to homeownership. Today's mortgage programs offer a variety of options that allow qualified buyers to purchase a home with much less money upfront than they may expect. Understanding these opportunities can help turn the dream of owning a home into a reality sooner than you think. There Are More Loan Options Than You May RealizeMany buyers assume they need to save 20 percent of a home's purchase price before applying…
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10 Jun 2026
By Mark Feder

Why Cash Reserves Can Matter As Much As Your Down Payment

Mortgage Tips
Many buyers focus heavily on saving for the down payment. That is important, but it is not the only money that matters when buying a home. Cash reserves can be just as important because they help protect you after closing. A strong home purchase plan should include both the money needed to buy the home and the money needed to feel secure once you own it. What Reserves MeanCash reserves are funds left over after your down payment and closing costs are paid. They may be in savings, checking, or other eligible accounts depending on the loan program. These funds…
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16 Jan 2026
By Mark Feder

The Role of A Down Payment: How Much Should I Save?

Home Buyer Tips
Buying a home, a car, or any significant investment often involves making a down payment. The down payment is a crucial part of the purchasing process, as it can impact your loan terms, interest rates, and monthly payments. But how much should you save for a down payment, and why is it so important? Understanding Down Payments A down payment is a portion of the purchase price that you pay upfront when buying a house, a car, or making a large investment. It's a way to demonstrate your commitment to the purchase and reduce the risk for the lender or…
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30 Apr 2025
By Mark Feder

Should You Use a 401(k) for a Down Payment?

Mortgage Tips
Buying a home is a major financial milestone, and saving for a down payment can be one of the biggest challenges. If you’re struggling to gather the necessary funds, you might be considering using your 401(k) retirement savings to cover the cost. While this option is available, it’s essential to weigh the potential benefits and risks before making a decision. How Can You Use a 401(k) for a Down Payment?There are two primary ways to access funds from your 401(k) for a home purchase: 401(k) LoanA 401(k) loan allows you to borrow money from your retirement savings and pay it…
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