What you need for your minimum down payment is a very common question in today’s market so let’s break that…

Let’s break down a few common sources of down payment. Savings – This strategy often takes the longest to accumulate. Gift –…

A purchase deposit demonstrates the buyer’s good faith to the seller to close on their purchase. This deposit is held…

This type of financing comes into play when you have purchased a home, but your deposit is tied up in…

No Subject to qualifying, anyone can qualify at 5% down Property must be an owner occupied or a 2nd home

Let’s take a $500,000 home with the minimum 5% down ($25,000) After subtracting loan insurance of $19,000, your home will appreciate…

This rule was implemented as the new anti-money laundering act in 2018 It implies that all banks will require proof of…

Not necessarily With as little as 5% down, you will see the best available rate, but you will be required to…

A conventional mortgage refers to any mortgage with a maximum loan-to-value of 80%. In other words, a conventional mortgage refers…

Insured Refers to when your down payment is less than 20%. The property purchase price must be less than $1,000,000. Must qualify at…