Tag Archive: down payment

Four Ways to Maximize Your Savings for a Down Payment

It’s a difficult time to be a first-time home buyer. Post-recession buyers are wary–and for good reason–of how and when to save money for a down payment on a house. One thing to remember, however, is that it’s always a good time to start saving. In this article, we’re going ...

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What is a gifted down payment?

Potential homebuyers with generous connections may benefit from using gifted down payment funds. With a down payment gift letter, you can provide the money for a down payment to your mortgage lender even if it was obtained as a gift. Here are some of the common questions and answers about ...

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