Does Size Matter?

Good points here.I’ve had a client recently use a temporary buydown program and they are thrilled!  I think that’s a home run in this market. Some great programs out there. 

Introductory interest rates can create a misleading sense of financial comfort for many buyers. During the initial period, lower payments often make it appear as though they can easily manage not only the home purchase but also additional expenses, such as a new vehicle. However, when the introductory period ends and the interest rate adjusts, the true cost of ownership becomes clear. Many buyers find themselves overextended, struggling to keep up with the increased housing costs along with other financial commitments they’ve taken on.

Hello Peter and size does matter to some people weather starting a family or downsizing and getting ready to retire.

Hello, Peter. That's a strong reminder for buyers in the Santa Rosa Beach and Destin markets, especially those looking for second homes or investment properties!

The size of the down payment is definitely a personal strategy. You emphasize that it's a balance between securing a lower monthly payment (avoiding PMI) and retaining cash for emergencies, repairs, or investments. Your advice to connect with a loan officer to find the right program is key for making a smart purchase. 

Down Payments...definitely not a one size fits all.  m

In this instance, size definitely matters, haha.  The bigger the better in most cases, although good things do come in small packages as well, haha.

Thanks so much for sharing this thoughtful post, Peter Mohylsky , www.athome30a. I really appreciate how you broke down the pros and cons of different down payment options in such a clear and relatable way. It’s a helpful reminder that there’s no one-size-fits-all answer, and working with a good loan officer can make all the difference.