If you are trying to get a mortgage, or have tried in the past, you know the process is detailed and very paperwork heavy. The following is what you should know and stay clear of.
In order to purchase a home, you need at least 3.5% for a down payment. Another option is Down Payment Assistance (DAP). DAP allows you to pay little to no money down. However, we’re going to talk about wanting to save even more for a larger down payment.