| 1. |
Buying a home with a low down payment
Looking for a mortgage that doesnt require a 20 percent down payment? Here are some options. |
| 2. |
Piggyback loans let you tap your home equity when buying
Homebuyers can use a second mortgage or line of credit to help with a down payment, or to finance other needs and wants. |
| 3. |
Down payment: What is the purpose?
Why do lenders want a down payment when you purchase a home? It's all about security. |
| 4. |
Is your down payment too big?
It may not always be in your best interest to make the largest down payment you can when buying a home. |
| 5. |
Which is better: PMI or piggyback loan?
Here's how to weigh your options if you plan to buy a home with a down payment of less than 20 percent. |
| 6. |
The second trust (piggyback) loan
If you can't come up with a 20 percent down payment, a piggyback loan may help. |
| 7. |
Low down payment? A piggyback loan or PMI can help
Sans a 20-percent down payment, you'll need to pay for either a second loan or lender's mortgage insurance. |
| 8. |
Making a down payment
You will need a cashier's check from an acceptable source. |
| 9. |
Your down payment: Why the source matters
Knowing where a down payment comes from is important to a lender. It reassures them that you intend to repay the loan. |
| 10. |
What is the standard down payment today?
The standard down payment has changed from 20 percent to what works best for the homebuyer. |