A mortgage down payment is your initial investment toward homeownership, but the traditional 20% requirement is often a myth that keeps buyers sidelined. This guide explores how to leverage 3% and 0% down options, alongside California assistance programs, to move from renting to owning much sooner.
Private Mortgage Insurance (PMI) empowers you to buy a home with a small down payment instead of waiting years to save 20%. Specifically, this guide reveals how to leverage PMI to build wealth sooner and exactly when you can cancel the monthly fee.
The Debt-to-Income (DTI) ratio measures your monthly debt payments against your gross income to determine your mortgage borrowing power. Mastering this critical percentage helps you qualify for better loan terms and ensures you have enough financial breathing room for your new home.
The Loan-to-Value (LTV) ratio compares your mortgage amount to your home’s total value to determine lender risk. Understanding this critical number helps you secure lower interest rates and eliminate costly insurance fees on your next loan.
Stop letting your personal income limit your investment potential and start qualifying based on property cash flow. This guide reveals how to build a real estate portfolio using DSCR loans to scale faster with lower down payments and no PMI.
