Posts Tagged ‘PMI’

How Quickly Can You Save Your Down Payment?

Thursday, May 30th, 2019

Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state. Using data from HUD, Census and […]

What If I Wait A Year to Buy a Home

Tuesday, December 11th, 2018

National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over […]

What is holding you back from buying a home?

Tuesday, November 13th, 2018

Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,” which revealed that, “Consumers often think they need to put more money down to purchase a home than is actually required. In a 2017 survey, 68% of renters cited saving for a down payment as an obstacle to homeownership. Thirty-nine percent of renters […]

The Cost of NOT Paying PMI

Wednesday, October 17th, 2018

Saving for a down payment is often the biggest hurdle for a first-time homebuyer as median incomes, rents, and home prices all vary depending on where you live. There is a common misconception among homebuyers that a 20% down payment is required, and it is this limiting belief that often adds months, and sometimes even […]

You don’t need 20% for a Down Payment to Buy a Home!

Thursday, July 19th, 2018

Saving for a down payment is often the biggest hurdle for homebuyers, but it doesn’t have to be! Almost half of all homebuyers are unfamiliar with alternative down payment options (which allow as little at 3% down). Whether you have just started to save for a down payment, or have been saving for years, you […]

What Is Private Mortgage Insurance (PMI)?

Tuesday, April 17th, 2018

When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI). What […]

Get All the Facts about PMI

Wednesday, May 10th, 2017

When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a home with a down payment below 20%, you can never have too much information about Private Mortgage Insurance […]

You Can Never have TMI About PMI

Monday, November 21st, 2016

When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a home with a down payment below 20%, you can never have Too Much Information (TMI) about […]



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