Posts Tagged ‘Down’

1% Down Payment Mortgages Come Under Fire

While we’ve come a long way since housing bottomed, the memories of how we got there still don’t feel very distant. A lot of things contributed to the complete breakdown […]

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Movement Mortgage Launches Zero Down Mortgage Called MAP

Movement Mortgage is the latest of many mortgage lenders to offer a zero down option for prospective home buyers, referred to as the Mortgage Assistance Program, or MAP. Like others […]

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Traditional 20% Mortgage Down Payment Could Be Cut in Half

I recently wrote about the need to put down 20% when buying a home, which although often recommended, isn’t a necessity these days. There are programs from both the FHA […]

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Do You Need 20% Down to Buy a House?

It’s been some time since I’ve done mortgage Q&A, so without further delay, let’s explore the following question: “Do you need 20% down to buy a house?” If you chat […]

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You Can Buy More House If You Put More Money Down

I was reading through the latest quarterly home price report from the National Association of Realtors yesterday and stumbled upon an interesting nugget. It might seem obvious, but it’s worth […]

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Canada Just Raised Minimum Down Payments to Stabilize Its Housing Market

A funny thing happened late last week. On Friday, the Canadian government took new measures to stabilize its red-hot housing market. I say funny because their housing policies seem to […]

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Detroit Home Buyers Offered Zero Down Mortgages Up to 150% LTV

While this might sound like another exotic mortgage gone wrong, it’s actually a new program geared toward making the city of Detroit better, not worse. And somewhat ironically, it is […]

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Home Buyers Put an Average of $32,141 Down Last Year

In 2014, the average home buyer put down $ 32,141 when purchasing a property, according to a new analysis of county-level data by RealtyTrac. The company said the average down […]

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Fannie and Freddie Will Offer 3% Down Mortgages Again

Some good news finally came out of Las Vegas today, and I’m not talking about someone winning a mega jackpot on an oversized one-armed bandit. During the Mortgage Bankers Association’s […]

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Suze Orman Says It’s Now OK to Put Just 10% Down on a Home

I’m starting to get really worried about the housing market. Suze Orman, who doles out no-nonsense financial advice to millions of loyal followers, has changed one of her cardinal rules. […]

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