Tag Archive for: down payments

When 5% Down Scares Away Sellers – What To Do?

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Half of all homebuyers getting a mortgage in April put down over 20%.  In the past ten years, the percentage of homebuyers putting 20% down has exceeded 50% three times. […]Read More

Minimum Down Payment for a ‘Typical’ Home

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Many homebuyers want to know what is the minimum down payment they need to purchase a home. These are some scenarios for homebuyers who are interested in buying a home in California or Texas.Read More

Impound or Escrow Accounts & Why We Do Not Recommend Them

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Impound or escrow accounts are maintained by lenders or servicers and are set up to allow buyers to pay their property taxes and hazard insurance on a pro-rata monthly basis […]Read More

California Buyers Worry Student Loans Prevent Pre-Approval

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Millennials in California have some most of the student loans, which has increased 130 percent since 2008. With all these outstanding balances, it’s no wonder that California buyers are afraid that their student loans will prevent them from qualifying for a mortgage payment. Nearly 57% of all millennials (people born between 1981 and 1996) have student debts that they are still making payments on.Read More

Cash Out Refi’s Back – For Good Reasons This Time; Down Payments?

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Prior to the meltdown in 2006, almost 90% of all refi’s were “cash out,” meaning that borrowers increased the size of their loan with their refi. Borrowers effectively used their […]Read More