Diving into Down Payments
As more mortgage products have become available, the standard 20% down payment is rarely required by lenders. If you’re saving up for your dream home, watch this video. Our CEO and founder, Scott Gordon, discusses some low down payment options.. Some of the topics he covers:
- Honestly assessing your financial ability to determine down payments you can afford
- The pros and cons of making that 20% down payment
- Qualifying for a mortgage with a minimum down payment of 5% or less