Should I Wait to Put Down a Bigger Down Payment? |
![]() ![]() Are you actually saving money by waiting?CoreLogic has recently projected that home values will increase by 4.3% over the next 12 months. Let’s compare the extra cost of PMI against the projected appreciation:![]() "Our research found that unaffordable rents are making it hard for people to save for a down payment ... There are good reasons to rent temporarily – when you move to a new city, for example – but from an affordability perspective, rents are crazy right now. If you can possibly come up with a down payment, then it's a good time to buy a home and start putting your money toward a mortgage."Laura Kusisto of the Wall Street Journal recently agreed with Dr. Gudell: “For some renters there may be a way out: Buy a house. Mortgages remain very affordable.” Mortgage rates are expected to rise…Freddie Mac is projecting that mortgage interest rates will increase by almost a full percentage point over the next 12 months. That will also impact your mortgage payment if you wait.Bottom LineSit with the real restate and mortgage professionals at Xceptional Realty to truly understand whether you should buy now or wait until you save the 20%. |
Property Search
RSS Feed
Search Blog
Recent Blogs
Cromford Report Market Summary For The Beginning Of February - Market Summary for the Beginning
The Impact Of Homeownership On Civic Involvement - The National
Attention FirstTime Buyers Heres The Key Stuff You Dont Know About Mortgages - Attention First-Time Buyers: Here
Housing Market Report - Report by Ricky KhamisRealtor
Our Bloggers
This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.
Click 'Save' to add a property to this list.New & returning visitors please enter your information to login.
This message will go directly to the head of our team.