At Sean Zalmanoff: USA Mortgage, we can help you learn more about gift money, home purchases, applying for mortgages, and more. If you’re lucky enough to have a family member or close friend who wants to give you money for a mortgage down payment, … [Read more...] about Gift Money And Home Purchases – What You Need To Know
Down Payment
Is A Big Down Payment Always A Good Idea?
People looking to buy a house often worry about the down payment with the infamous "20% take it or leave it" deal. First, that 20% isn’t standard. According to the National Association of Realtors, the average downpayment for 2019 was 12%, and for … [Read more...] about Is A Big Down Payment Always A Good Idea?
Decline in Down Payment Requirements is Good News for St. Louis
Lower down payment requirements may make it easier for potential new homeowners to qualify for a mortgage. Growing concerns over what appears to be a nationwide decline in home sales, both for existing and new homes, has lending companies and … [Read more...] about Decline in Down Payment Requirements is Good News for St. Louis