Real Estate Culture
  • Home
  • What is My Home Worth?
  • About
  • Contact

Real Estate is a LIFESTYLE

  Real Estate is indeed a lifestyle.  From contemporary layouts & interior design/decor, the rise and fall in economic markets, turn key and rehab properties - to know & understand the grit of real estate is to love what it represents.  Home.  Value.  Wealth.  Security blanket.  Personal accomplishment.  
Enjoy the information on this site, and refer your family and friends to indulge in Real Estate Culture!

Should Borrowers Wait to Save 20% Down or Buy Now?  #realestate #homeownership #investment

5/5/2017

0 Comments

 
Picture
Source:  MGIC Connects

While nearly 40 percent of aspiring homeowners believe they need to put down 20 percent on a home purchase, the average down payment was just 11 percent in 2016, according to the National Association of REALTORS.  Mortgage insurer MGIC has created a calculator that can show consumers whether they're better off waiting and saving for a bigger down payment or buying now with less money upfront.

No matter what the results of the calculator show, prospective borrowers shouldn't buy before they are ready and need to be comfortable not only with the mortgage payment but also the other responsibilities that come with homeownership.

Check out the full story here:  https://mgic-connects.com/waiting-save-20-payment-can-cost-homebuyers-money/


0 Comments



Leave a Reply.

    Archives

    December 2018
    July 2018
    February 2018
    January 2018
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016

    Categories

    All

    RSS Feed

© COPYRIGHT 2015. ALL RIGHTS RESERVED.
  • Home
  • What is My Home Worth?
  • About
  • Contact