Before Putting 20% Down on Your Home Purchase, Read This
First things first: The idea that you have to put 20 percent down on a house is a myth.
The average first-time home buyer puts just 6% down, and certain loan programs allow as little as 3% or even zero down.
You shouldn’t think it’s conservative to make a large down payment on a home, or risky to make a small down payment. The right amount depends on your current savings and your home buying goals.
Gracen Tilton | Marshall Walker Real Estate | 582 Rutledge Avenue | firstname.lastname@example.org | 803-549-6318