And from the time I was a kid, I've had this internal monologue roaring through my head, which doesn't stop - unless I'm asleep. I'm sure every person has this; it's just that my monologue is particularly loud. And particularly troublesome. I'm constantly asking myself questions. And the problem with that is that your brain is like a computer: If you ask a question, it's programmed to respond, whether there's an answer or not. I'm constantly weighing everything in my mind and trying to predict how my actions will influence events. Or maybe manipulate events are the more appropriate words. It's like playing a game of chess with your own life. And I hate fucking chess!
A down payment is the amount of cash a home buyer puts toward the price of a new home. It accomplishes a few things; first it reduces the amount of money you need to borrow and it reduces the risk the lender takes in loaning the money. By reducing the risk, the borrower will typically get a better interest rate on the loan and increase the amount of home they can buy.
How Large a Down Payment Do You Need
The amount of down payment needed depends on the type of the loan, the lender and the property price itself. While most of the 0% down home loans of the last decade are gone, Veterans can still purchase a home loan with no down payment. Other programs include FHA loans with as little as 3.5% down. Conventional loans typically require a 20% down payment, but some allow as little as 5%.
Is it Better to Make a Larger Down Payment
In addition to the down payment, buying a home also requires cash for closing costs and some reserve savings to guard against unexpected financial concerns. One thing to remember though is that any financing with less than 20% down will require private mortgage insurance – a monthly payment which protects the lender in the event of default.
The best amount of down payment should be determined in consultation with your lender and your tax or financial advisor, but the quick answer is “it depends.” By working with a trusted lender, explore your options and you will make the best decision for your needs. Send us a DM and we'll give you some recommendations for local lenders to get the process started!
#crowerealty #thecrowerealityshow #intheknowwithcrowe #therealinrealestate #mortgage #thursday #thursdaythoughts #homes #realestate #realestateagent #georgiarealtor #georgiarealestate #realtor #realtorlife #dreamhome #buyahome #homesforsaleingeorgia #financing #financial #investment #wealth #community #blog #blogging
Don’t give up on your goals, you never know how close you are from breaking out and surprising yourself!
Anything worth doing can be frustrating! You may work your ass off to go no where, maybe you even go backwards.
What’s important is to learn from your mistakes and come back at your goals stronger and more educated!
If you are struggling, don’t know where to start, or maybe you just want someone to answer a few questions REACH OUT! I love meeting new people, and talking all things fitness, lifestyle, family, balance, professional life.
#veteran #helpingothers #physique