Planning to buy a house but I can't afford a down payment
I have plans on purchasing a house but the issue is, I don’t have money for the down payment. I’m fully aware that getting a loan is still possible, but the monthly payment will be higher. Is it a wise choice to pay my current rent which is $850, and just save money for the down payment, or to just find a house and put the $850 as a part of the higher monthly payment? Also I’d like to know how refinancing works. When can I refinance my new house? by kewley487 from Glendale, California. Jun 29th 2022
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
Low down, and down payment assistance programs are available in the market for those who qualify. Just reach out to a local mortgage broker in your area. Give them a full application, and they will answer all your questions, tell you what programs you qualify for, etc. I provide home mortgage loans in MN WI IA ND SD. Find me at WI-MortgageBroker.com - Cambria Mortgage, NMLS 274132
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