Explains how you don’t necessarily need a 20% down payment in order to take out a mortgage. Describes what down payment assistance programs are and who they can help. Examines the pros and cons of putting less than 20% down payment on a home. Includes a small section about FHA loans, their mortgage insurance premium, and how to eventually refinance a FHA loan into a conventional loan to drop the mortgage insurance premium
MoneyABCs |
Personal Financial Education Program