Category: Financing

  • How Much House Can I Afford?

    How Much House Can I Afford?

    Here are the different factors at play: Down Payment Some mortgage loans require as little as 0-3% of the home’s price as your down payment. For other loans, 20% may be required to purchase a commercial property or to avoid Primary Mortgage Insurance (PMI). Your down payment reduces the total…

  • First-time home buyer loans in Michigan

    First-time home buyer loans in Michigan

    Few first-time buyers have saved enough for 20% down. But the good news is that you don’t need that much. Not by a long shot. Borrowers can often get into a new home with as little as 0-3% down using one of these low-down-payment mortgage programs: 1 Conventional 97: From…