Tag Archives | Freddie Mac

Do I Need 20 Percent Down to Buy a Home?

Putting down 20 percent of a home’s sales price as a down payment is the gold standard for buyers. Not only will they have an easier time qualifying for a mortgage, they will also avoid paying private mortgage insurance (PMI). Borrowers who put down less than 20 percent must pay PMI, which can add substantially to their monthly mortgage payments. Read More

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