Do you really need 20% for a down payment on your home?It depends! If you’re purchasing a second home, or a rental property, then your lender may require that you have a 20% down payment. If

Dated: March 7 2022
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Do you really need 20% for a down payment on your home?
It depends! If you’re purchasing a second home, or a rental property, then your lender may require that you have a 20% down payment. If you’re moving or buying for the first time then you don’t necessarily need 20% for a down payment! It’s always important to recognize that there are options, and that talking to a bank will help!
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Peter Lu, real estate professional and community specialist with EXP Realty, knows a thing or two about falling in love with a house. In 2004, he bought his own home and discovered the confusing world....
Do you really need 20% for a down payment on your home?It depends! If you’re purchasing a second home, or a rental property, then your lender may require that you have a 20% down payment. If
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