Big Down Payments
The Low-Down On Big Down Payments
by Susie Shortsleeve
You can buy a home with as little as 3 percent down, thanks to federal government loans and others with eased restrictions.
Low-down payment mortgages are an effort to extend home ownership to more people and to help some out of mortgages they can’t afford.
However, low-down payment loans can be tricky and leave homeowners struggling to pay what they thought was affordable financing.
It’s a much better option to bite the bullet, spend some time really preparing to buy a home with 20 percent down.
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