
How Much Should I Have for a Mortgage Down Payment?
Mortgage down payments are important for first-time and experienced homebuyers alike. When starting the home buying journey, everyone pauses to ask themselves, “How much do I need for a down payment to afford the home I want?” While the question can sound daunting and the answer may vary, ranging from a low down payment to a bit less than 20% down. it’s important to understand what a down payment means for you before moving forward with buying a home.