Client Profile: Name: Crystal Age: 31 Occupation: Digital marketing specialist Goal: Buy a first home that could also become a rental Location: Raleigh-Durham, NC The Situation Crystal was eager to buy her first property — but overwhelmed. Every day, new listings popped up that were “cute,” “cozy,” “charming,” or just barely within her price range. She’d been casually browsing for […]
1. Bigger Down Payment = Smaller Loan and Lower Monthly Payments 1. Bigger Down Payment = Smaller Loan and Lower Monthly Payments When you put more down, you borrow less. That means: Lower monthly mortgage payments Less total interest paid over the life of your loanBetter loan terms in many cases (including lower rates) Even a few extra
1. A VA Loan Is Guaranteed by the U.S. Department of Veterans Affairs A VA loan is a government-backed mortgage that provides exclusive benefits for veterans, active-duty service members, and eligible surviving spouses. The U.S. Department of Veterans Affairs (VA) guarantees the loan, which means lenders are more likely to offer favorable terms with lower risks. Key benefits of VA loans include: No
Let’s get this out of the way right now: You do NOT need 20% down to buy a home. You can put 20% down if it fits your goals… But you don’t have to. And for many people — especially first-time buyers — it might even slow you down unnecessarily. Let’s unpack what’s really going