Do Low Down Payments Make Mortgages More or Less Affordable?

File this question under “it depends.”

It’s true that loans with down payments of 20 percent or more cost borrowers less over time than low down payment loans. Low down payments leave larger principals to pay off, and those principals create more interest over time. Low down payment loans also require mortgage insurance.

However, a low down payment itself can actually boost affordability by getting you off the sidelines and into a home of your own sooner. keep reading

Do You Still Believe Homeownership is a Good Investment?

As home prices rebound, rents increase and entry level inventory remains tight, more buyers—60 percent—say they are concerned about affordability, according to the National Association of Realtors 2017 National Housing Pulse Survey.  But, 84 percent of Americans said that they still believe homeownership is a good investment. Do you agree? keep reading