How To Save For A Down Payment | The Red Desk
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- čas přidán 5. 09. 2024
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The first step toward homeownership is saving for your down payment. Did you know your down payment is the first bit of equity you gain, and the larger the payment you make, the better your chance is for a lower interest rate?
We've got more deep-dive facts on down payments, and you can crunch some example numbers with our Rocket Mortgage Calculator to help determine how much home you can really afford.
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Am I the only one that knows her from Orange 252? Oh well, you ALWAYS do an amazing job and the kids love your energy there and as a kid at heart myself I love your energy here!
I can always depend on Rocket Mortgage!
Helpful video and well done
Glad it was helpful!
Loved this video! Question, what is the required minimum downpayment for a primary residency, conventional loan on a fourplex? I am a first-time home buyer and I think I should go for a fourplex, instead of a SFH and start building wealth, but the downpayment scares me, I know with an FHA loan I can put 3.5% down on a fourplex, but what about for a conventional loan?
Great information.
Really great info
shes funny!
Should you burrow from your 401K?
I say go for it it is your money if you need it now use it especially for a house you can always replace the money because you are working at the job and you can always increase what you put in there
I can't say but as a warning... If at some point for any reason you can't pay that 401k loan back and you are younger than 59 1/2 years old you will have to pay a 10% early withdrawal penalty to the IRS. Factor that in to your decision.
$100K for down?! Sis whatcha buyin