21 Apr 2015
By Mark Feder

The Pros and Cons of Putting in More Than 20 Percent as a Down Payment on Your New Home

Home Mortgage Tips
One of the most common questions home buyers ask today relates to how much money they need to put down on a home. There are mortgage requirements in place that establish minimum down payment requirements, and some home buyers will barely have enough to pay the minimum down payment as well as closing costs. However, if you have access to more money, you may be wondering if you should make a larger down payment. There are several points to consider to determine if making a larger down payment is right for your financial situation. Having Liquid Assets Available After Closing…
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18 Feb 2015
By Mark Feder

Saving Up for Your First Home? Our Guide to Finding Ways to Save Your Down Payment Faster

Home Mortgage Tips
If your goal is to purchase a home, you may find that it’s challenging to save up enough money for your down payment. While this is something that many first time home buyers struggle with, it is by no means insurmountable. By making a few simple changes you will be able to accumulate the funds you need for your down payment. Keep Track Of Your Spending One of the reasons why it can be difficult to save money is that you aren’t even sure of where your money is going. While you may be aware of major expenses such as…
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18 Nov 2014
By Mark Feder

The Down Payment: Everything You Need to Know About Your Down Payment on a New Home

Home Mortgage Tips
Whether you're just starting to shop for a new home or you've found the perfect house and are crafting your offer, if you're taking out a mortgage to help cover your real estate purchase you've likely given some thought to your down payment. In today's blog post we'll explore the topic of down payments and share how the amount you put down on your home will affect your mortgage. How Your Down Payment Affects Your Mortgage As you know, your mortgage is essentially a large long-term loan that is paid back with interest over a set time period. If you…
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08 Jul 2014
By Mark Feder

Mortgage Budgeting 101: How to Determine What You Can and Can’t Afford

Home Mortgage Tips
When taking on a new mortgage, it is important to know that you can afford to carry the debt load involved, as many people find themselves in financial trouble by spending more on real estate than they can comfortably maintain. Your mortgage budget can be calculated to determine just how much you should spend on your next mortgage. Mortgage Rates And Today's Market Conditions Mortgage rates change every day, and in times of high volatility can even fluctuate more than once in a twenty-four hour period. The market reflects a number of economic variables, including relevant world news and events.…
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