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Monday, July 14, 2014

Think You Need A Large Down Payment? Think Again

Think You Need A Large Down Payment? Think Again

I don't think I need to mention that now is the time to purchase your home in Phoenix Scottsdale - while we are in the eye of the storm.


But many of you are overestimating the down payment they need in order to purchase a home. Need at least 15%?  Nope. 

Many home buyers often can qualify for a conforming, conventional mortgage with a down payment of as little as 5 percent — and sometimes even 3 percent. That's right.

Freddie Mac’s purchases of mortgages with down payments of less than 10 percent more than quadrupled. So far in 2014, more than one in five borrowers who took out conforming, conventional mortgages put down 10 percent or less.

So, what to know more? 602-300-7007 is all you need to get started and I'll connect you with one of my preferred lenders. There is no cost for your mortgage loan evaluation and to get you into your the house of your dreams.

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

Think You Need A Large Down Payment? Think Again