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Articles tagged as Percent

Using Retirement Savings for Your Down Payment

Posted on January 25, 2023 by Alex Savage
One of the largest hurdles to purchasing your first home is discovering the deposit.Alas, you might curently have it rather than even realize it.Long ago, you needed twenty percent of the worthiness of the house you were thinking about as a deposit.On a $300,000 home, that equated to an impressive $60,000.As possible guess, few people could afford this type of cost on a fresh home.The mortgage industry gradually evolved a far more liberal attitude towards down payments...

Down Payments Getting Easier

Posted on January 22, 2022 by Alex Savage
Buying a house is easier nowadays, largely due to relaxed requirements by lenders.Putting down 20% of the price is not any longer the typical.Requirements where deposit money originates from in addition has broadened.Anticipate to provide proper and adequate documentation of its source.Down payment money will come from the next:Checking, Savings and Money Market AccountsLenders deem borrowers less risky with money obtainable in these kinds of accounts...