The standard mortgage down payment has traditionally been 20% . . .
Unfortunately, it’s a tough standard to meet for most people.
As noted here, more than 70% of first-time buyers have a down payment of less than 20% . . .
And 54% of all buyers make less than a 20% down payment.
Down payments can be as low 3.5% to 0% depending on the loan program.
So, while the 20% down payment may not be dead as this article claims, it is a great goal to make the 20% down payment dead in our own lives.
See that here.
When you are part of the 5% of people who succeed financially, a 100% down payment can be a reality.
How do you get there?
It begins be deciding it is possible, and that you will do it.
Here is some help to decide:
Once you decide, then set up your plan to get going:
Then, once you get that part in place and you’re making great progress, now look at how you can accelerate your progress:
This is what can help you make a small down payment and the 20% down payment dead in your life.
You can really reach a point in your life where a 100% down payment is possible!
You can really become part of the 5% of people who succeed financially, no longer part of the 95% of people who fail.
You can potentially free yourself of all your loan payments, including your mortgage payment, in as little as 5-10 years on your current income.
You do have the potential to become a millionaire in the same time you would typically pay off a 30-year mortgage.
This million dollars could pay you $11,000 per month in interest income, without your ever having to go to work.
It’s called residual income – income that comes in automatically whether you work or not.
That’s what the 5% of people receive – money works for them.
The 95% work for money.
Down payments, 20% down or as little as 3.5% or 0% down, are the reality in the lives of the 95% who fail.
The 20% down payment can be dead in your life – that day of a 100% down payment can be a reality for you!
Let a real mortgage consultant like me help you!