Isaiah 20%

Many people think that a 20% down payment is needed to buy a home, but it's actually a misconception. Putting down 20% may not be financially beneficial. Even though it lowers the monthly payment by about $50 for every $10,000 put down, it's better to save or invest that money. When buying a home, ask the lender about the minimum down payment required. For more home buying tips, follow me. We're rolling? You don't need a 20% down payment to buy a home. Testing, testing, testing. You don't need a 20% down payment to buy a home. This is a common misconception I hear from many home buyers. In fact, it may be hurting you financially to put 20% down. For every $10,000 you put down on a home, it's only lowering your monthly payment by about 50 bucks. If you took that 10,000 and saved it or paid off some debt or ideally invested it in an income-producing asset, you would be so much better off. Next time you're looking to purchase a home, make sure to ask your lender, what is the minimum down payment necessary? If you're looking for more home buying and selling strategies, follow me.