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When many people start the process of buying a house they assume putting 20 percent down is required. However, this is not the case and many lenders and mortgage brokers offer options for borrowers looking for mortgages that have a small down payment. Don Frommeyer, CRMS, President of NAMB (The Association of Mortgage Professionals), shares his advice for potential homeowners searching for mortgages with less than 20 percent down payment.
"There are a couple of things you'll want to make sure you have before researching mortgages, including solid credit standing and a steady income," says Frommeyer. "The options are out there and exist to make sure that people have the ability to buy and invest in real estate, even in... If the email address was found in our system, your password has been sent. Please check your inbox.
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