Are you saving for a home but unsure how much downpayment you really need? In this video, I break down the three most common downpayment options-3.5%, 10%, and 20%-and explain the pros and cons of each. Whether you’re looking at buying a $1 million home in an expensive area, a $600K home in a mid-range neighborhood, or a $300K home in an affordable market, I’ll show you how these options impact your monthly payment, long-term costs, and flexibility during the buying process.
Learn about FHA loans, private mortgage insurance (PMI), conventional loans, and how much you’ll save by increasing your downpayment. Plus, I’ll share essential tips for finding the right mortgage broker and agent to help you secure your dream home.
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TIMESTAMPS
00:00 Intro
01:06 - PROS/CONS and ratings of 3.5% downpayment option
03:24 - PROS/CONS and ratings of 10% downpayment option
04:34 - FINANCING 10K AND 50K TURNS INTO 24K AND 120K! CRAZY MATH
05:38 - PROS/CONS and ratings of 20% downpayment option
📃DISCLAIMER
Thank you for watching!
The content in this video is for educational and entertainment purposes only and does not constitute financial, investment, or other professional advice. The information provided does not take into account your specific circumstances, including but not limited to your risk tolerance, financial situation, age, or individual goals. All investments involve risk, including the potential loss of the initial deposit. Viewers assume full responsibility for any actions taken based on the information provided. Anastasia is not responsible for any actions taken based on the information provided in this video.
- Anastasia
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