YOU DON'T NEED 20% DOWN TO BUY A HOUSE: pros & cons of a large downpayment

07/22/21 • 7 min

If you have ever wondered how much money you need to save for a down payment on a house or how much money you should put down (hint: sometimes more is not always better!) Ivan Simental NMLS# 1762746 has you covered.
In this podcast episode, he explained if you actually need to have 20% down in order to buy a home and how you can decide how much to put down. Here’s what he had to say about down payments and home mortgages.
The Mortgage Report Podcast presented and operated by FULL BEAKER, INC. NMLS#1019791
Equal Housing Opportunity.

Previous Episode

BAD CREDIT: 3 tips to buy a house if your credit score is low

If you’re looking to buy a house but you have bad credit, we have some good news for you: you may still be able to get a mortgage loan. In this episode, Mortgage Expert Ivan Semintal NMLS # 1762746, gives the best advice on buying a house with a low credit score.
Bad credit, or even not-so-great credit isn’t the automatic deterrent for a home loan that it once was says Ivan Simental, mortgage advisor at @theivansimental and host of themortgagereports.com podcast. In a recent episode, Ivan discussed how exactly you can still buy a house, even if you have bad credit.
The Mortgage Report Podcast presented and operated by FULL BEAKER, INC. NMLS#1019791
Equal Housing Opportunity.

Next Episode

HOW TO BUY A HOUSE WITH LESS THAN 2 YEARS EMPLOYMENT HISTORY: tips to get qualified for a mortgage if you have a new job

It’s the million-dollar question and Ivan Simental NMLS# 1762746, mortgage advisor at @theivansimental and host of The Mortgage Report podcast is tackling it: do you actually need two years of employment history before you can buy a house?
The answer is yes, but according to Simental, there’s more to the story than that. “There are a few caveats around that,” he notes. So what are they? What do mortgage lenders actually require? Find all your answers here!
The Mortgage Report Podcast presented and operated by FULLBEAKER, INC. NMLS#1019791
Equal Housing Opportunity.