Many Millennials say they are interested in buying homes— but the cost is what is stopping them!   Millennials are juggling a bunch of fairly new expenses that previous generations didn’t have to take into account. Whether its student loan payments, or on-demand and subscription services like Uber, Netflix, gym memberships that have become part of everyday life.   Hardest Expenses to cut from budget in saving for a home Dining out Student Loan... [read more]

Minimum down payment A down payment is the amount of money that you put towards the purchase of a home. The down payment is deducted from the purchase price of your home. Your mortgage loan will cover the rest of the price of the home. The minimum amount you'll need for your down payment depends on the purchase price of the home you'd like to buy. Table 1: The minimum amount you'll need for your down payment based on the purchase price of your... [read more]