MYTH, reposted from KCM Blog: "'You need to put 20% down to get a mortgage these days'. I hear this crazy notion from people far too often. Besides the FHA insuring loans with as little as 3.5% down (on loans up to $729,250 in high cost areas), people often forget that veterans can still finance 100% of the purchase price, and that Private Mortgage Insurance Companies are still insuring loans with 5-10% down."
AuthorDC Real Estate, History, Culture and Fun Facts Written Here by Dan Sullivan ArchivesCategories
All
|