why buy a house now: Should I Wait to Put Down a Bigger Down Payment? - 09/11/15 03:47 PM

Some experts are advising that first time and move-up buyers wait until they save up 20% before they move forward with their decision to purchase a home. One of the main reasons they suggest waiting is that a buyer must purchase private mortgage insurance if they have less than the 20%. That increases the monthly payment the buyer will be responsible for.
In a recent article, Freddie Mac explained what this would mean for a $200,000 house:
However, we must look at other aspects of the purchase to see if it truly makes sense to wait.
Are you actually saving money by waiting?CoreLogic has recently projected that home values will increase by … (2 comments)

 
Allison Gaddy, Real Estate Professional, focused on your goals! (eXp Realty, Unique Luxury Living)

Allison Gaddy

Real Estate Professional, focused on your goals!

Austin, TX

More about me…

eXp Realty, Unique Luxury Living

Address: 1900 Great Hills Trail, Suite 150, Austin, TX, 78759

Office: 512-954-8800



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