Myth #3: I don’t have the money for the down payment. Fact: There are a wide variety of down payment options available for you. While many people believe that making a home purchase requires a substantial down payment, as much as 20 percent, this is seldom true. As a first-time buyer, options are always available [...]
1. I can’t afford to buy a home now. 2. I should wait until the real estate market gets better. 3. I don’t have money for the down payment. 4. I can’t buy a home because my credit isn’t very good. 5. I can’t afford to buy my dream home. 6. I should wait to [...]
If You’re thinking about buying a home but are waiting for a further decline in housing prices, consider this. Trying to time the bottom of any market is difficult. There’s another cost factor that often gets overlooked: interest rate costs, particularly over an extened period of time.
Active duty personnel, veterans, retired members of the military, and employees of the U.S. Department of Defense and the Department of Homeland Security are eligible to apply for up to $5,000 in down payment and closing costs in the purchase of a first home. The national nonprofit Pentagon Federal Credit Union Foundation is offering the [...]
