Down Payments: How Much Money Should You Save?

One persistent home-buying myth is that you are required to put 20% of the home’s total purchase price down. In actuality, that isn’t the case. There are a variety of different Florida home loans available with varying percentages of down payments. In rare cases, you may not be required to put anything down at all (such as with a VA loan). However, down payment requirements typically vary from 3.5% to 20%, depending on the loan you select.

Homebuyer Tips: Breaking Down 5 Different Types of Florida Mortgages

If you’re planning to purchase a new home, it’s important to understand the available types of loans. Several mortgage loan products may be suitable for buyers in various circumstances. This article will discuss the 5 most common types of mortgages, who they are most appropriate for, and their advantages and disadvantages.

Florida Mortgages: The Impact of Your Credit Score

If you’re seeking to purchase a new home, you’re probably very excited. After all, ownership of a home is a source of pride and often the biggest purchase you’ll make in your life. However, before beginning the home buying process, you’ll want to make sure that you are financially prepared to do so. This preparation includes having a down payment available and a clean credit report.