Buying Without a 20% Down Payment

Buying Without a 20% Down Payment

  • Spencer Hsu
  • 06/13/22

Are you on the fast-track to homeownership?

Well, there's a little trick you should know before you put 20% down. You may be able to buy your next home with a 5% down payment and still save money in the long run. When you make your monthly mortgage payment, apply the extra money that you would've saved for your down payment toward the principal on the loan. This will help you pay off the loan quicker and save you money on interest. So even though you're not putting down as much money upfront, you can still end up ahead by making this small change to your monthly payment. 

Ready to learn more about how you can save money when buying your dream home, let’s talk!


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