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How to Save for a Down Payment

January 31, 2023 By Admin

Money piles growing larger while saving for a down payment

The American dream for many is buying a home, one of the most significant and vital investments in our lifetime. Many people will need a mortgage when purchasing a home, and most mortgages, although … [Read more...]

Filed Under: Down Payments

You Don’t Need a 20% Down Payment for a Home Mortgage

March 27, 2021 By Mary Catchur

0% Down Payment Loan Programs

Typically, mortgage lenders want borrowers to put 20% down on a home purchase, lowering lenders' lending risk. However, a 20% down payment is not a requirement. You might not have enough cash for a … [Read more...]

Filed Under: Down Payments Tagged With: down payment, qualify for home loan

Buying a Home? Where will the funds for the down payment come from?

March 11, 2021 By Mary Catchur

Couple Outside Home with Sold Sign

At the beginning stages of purchasing a home, you may hear your mortgage lender say the term "down payment." A down payment is a sum of money that a buyer pays in the early stages of purchasing a … [Read more...]

Filed Under: Down Payments Tagged With: buying a home, down payment

Down Payment Options to Buy a Home

February 25, 2019 By Admin

Home Down Payment Options

Making the down payment to buy a home is one of the most difficult things for most homebuyers. Fortunately, though, there are low down payment options and even zero down payment options for many … [Read more...]

Filed Under: Down Payments

Low Down Payment Mortgages Allowing Buyers to Purchase a Home Years Sooner

April 21, 2018 By Mary Catchur

low down payment

A new study by Zillow found that it takes 11 years for a single homebuyer to save for a 20% down payment, which is 6 years longer than it takes a couple. The good news is that many homebuyers qualify … [Read more...]

Filed Under: Down Payments Tagged With: low down payment mortgage

Down Payment is #1 Obstacle for Homebuyers

September 7, 2017 By Admin

Down Payment is #1 Obstacle for Homebuyers

According to a recent study, the down payment is the biggest obstacle to buying a home. Two-thirds of U.S. renters believe that saving for a down payment is the biggest hurdle to buying a home, … [Read more...]

Filed Under: Down Payments Tagged With: Mortgage

Is it Acceptable to Borrow Funds for the Down Payment on a Home?

July 21, 2014 By Mary Catchur

Mortgage Down Payment

Can you borrow money to use for a down payment on an FHA loan? Although this is generally not prohibited, there are a few important factors to keep in mind if you are planning to use borrowed funds … [Read more...]

Filed Under: Down Payments Tagged With: Borrow Down Payment, Mortgage

Save with a Mortgage from Marimark

Whether you are buying a home or refinancing, you can save with a mortgage from Marimark Mortgage!

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    Refinancing with Mary an absolute pleasure

     
    Refinancing with Mary has been an absolute pleasure. I have never been through the process before and she took the time to explain each step. She was prompt (had a rate locked in right away) and most importantly always answered the phone or emails almost immediately! The communication line alone made the refinancing process every bit worth it. Would recommend to anyone, and will be back for any future purchases! Bret Brennan, March 2021
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