September 2017

14 Sep 2017

Buying a home? Learn about your down payment options now

If you’re in the market to buy your first home, you’ve likely heard about the down payment you’ll be required to come to the table with. If, upon hearing this, your first thought was to plot a scheme to rob the nearest bank, don’t do that— I hear that’s frowned upon in many social circles. Instead, why don’t you take a breath and read through your options. Because you’ve certainly got options, and lots of them, when it comes to down payments. Conventional loans Available through Fannie Mae and Freddie Mac, these government-backed loans offer borrowers some pretty appealing mortgage options. Qualified buyers can purchase a home with as little as 3 percent down thanks to the good folks at Fannie...
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