Mike Tom Realty

Tag: Down Payment

Posted on 08/15/2021
Do You Need a Bigger Down Payment?
Many financial experts suggest paying a 20% down payment when buying a home. While for some prospective homebuyers this may be a simple task, others might wonder if the suggested 20% of the home purchase price—or higher—are necessary. Here are some reasons it benefits you to make a larger down payment when buying a house: Score Better Mortgage...
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Posted on 07/11/2021
3 First-Time Homebuyer Expenses to Start Saving for Now
Photo by Kaboompics .com from Pexels Buying a home for the first time is often a stressful yet rewarding time. It’s a complicated process involving many variables and many costs. One question that many first-time homebuyers have is about preparation: how much should you save before buying a house? Here we will go over the 3 most important...
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Posted on 08/23/2020
What You May Want to Know about Crowdfunding for Down-Payments
Photo by Tumisu via Pixabay In an age where collaboration is on the rise, it’s not surprising that some are looking to find an alternative source of funding for their home or business purchase. Crowdfunding has been a successful way to fund various projects and business propositions, but it seems that some have found a way to make...
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Posted on 11/17/2019
Make a Down Payment Savings Plan To Buy Your First Home
You’ve been thinking it for a while: “I really should start putting some money aside for a down payment.” But, you just can’t seem to find any wiggle room in your budget. You’re not alone. Saving for a down payment isn’t easy. Especially if you’ve got rent, car payments, student loans, and are trying to put money aside for...
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