The Down Payment

The down payment for most new home-buyers is the most intimidating part of the home-buying process. Finding the cash to put down on a new home can be difficult and scary for anyone who is new to the process. How much do you need? What will result in lower monthly payments? Will you have to pay for mortgage insurance? Can you also afford your closing costs? Here’s why a 20% down payment is the way to go.

Why You Should Try To Put a Down Payment of at Least 20%

Saving up for 20% down can lead to significant financial benefits.

• You won’t have to pay for mortgage insurance.
• Your monthly payment will be lower.
• You’ll most likely have a lower mortgage interest rate
• Lenders will compete for your business

View our infographic to learn about all of the financial benefits that a 20% down payment can give you.

Interested in working with us? CoreTitle is a full service title insurance company that prides itself on exceptional service, focusing on the entire customer experience. The CoreTitle team offers extensive knowledge of both residential and commercial transactions, and a variety of other services. We plan to raise the bar on customer care, set new standards for best practices, refine business production because of new technologies. With direct access to our underwriter we can offer you the expertise you deserve, resolving any title issues instantly. We’ve stepped away from an antiquated industry to embrace the digital age, bringing you the premier real estate settlement experience.