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How Much Do You Really Need to Put Down On a House?
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Traditionally, homebuyers have targeted 20% as the ideal down payment but does that still hold true today? We meet with people all the time who want to know how much they need to put down on a home, so let’s look at the current trends nationally and talk about what percentage might be best for you.
Here’s what we discuss in this episode:
📉 Why 68% of our clients are putting less than 20% down
💡 The real deal with PMI (and why it’s not always bad)
🏠 Local down payment trends in Philly vs. high-cost cities
📊 How your money might work harder outside your mortgage
CONTACT:
Schedule a time to meet with Bill here: https://calendly.com/blitton/
Visit the Smart Mortgage Show website for more podcasts, videos and mortgage info: https://smartmortgageshow.com/
Call: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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