Common Down Payment Options
A down payment is usually the single biggest hurdle when it comes to turning a buyer's dream into reality. The expense can be enough to make anyone hit the Pause button on their search. But there may be more options for a buyer than they realize when it comes to affording the down payment. See how different loans have different terms and minimums and how buyers can use this to their advantage.
In a Perfect World
A 20% down payment is a minimum that was established for practically as long as modern banks have been in existence. It remains the number the buyer should strive to hit...