How Big of a Down Payment Do You Need to Buy a Home?
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How Big of a Down Payment Do You Need to Buy a Home?

When we bought our first home back in 1993, we did so with a down payment of five percent. A decade ago, you could even find home loans that didn’t require any down payment. Since the real estate market crash, though, lenders have tightened their underwriting requirements. Zero-down loans are, for the most part, a…

How to Find the Best Mortgage Lender
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How to Find the Best Mortgage Lender

There are more choices for mortgage lenders now than ever before. The brick-and-mortar banks are still there, of course, as are the mortgage brokers. Now, though, there are also online lenders and online mortgage aggregators, providing you with access to hundreds of lenders. Finding the best mortgage lender can be a challenge. It’s not possible…

Should You Save For Emergencies or a Down Payment First?
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Should You Save For Emergencies or a Down Payment First?

If you’re just starting out on your journey to financial success, you may not have a big emergency fund saved. And if you’re planning to buy your first home soon, you may be wondering how to structure your savings. Should you save for your emergency fund first? Or should you save for your home and…

Can You Use Retirement Accounts to Buy Your First Home?
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Can You Use Retirement Accounts to Buy Your First Home?

We recently received the following question from a reader named Sam: Great question, Sam! Trust me, you aren’t the only person wondering about this. Many people would love to dip into their retirement accounts to help fund a down payment for the purchase of a home. So, let’s find out whether you can, if you…