Real Estate News from the KCM Blog
Buying a Home with as Little as 3-5% Down Payment
We have recently reported
on the misconception that many buyers have regarding the down payment necessary to purchase a home. Multiple studies reveal that 40-50% of Americans believe you need between 15-20% of a down payment to be eligible to purchase a home. This misconception came about as the government just last year debated new guidelines
for residential mortgages because of the housing collapse in 2007. Some were arguing that there should be a minimum of
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