Renters, You're STILL Paying A Mortgage
There are a ton of different reasons people put off buying a house: They want to save up for a down payment. They want to save money by avoiding a mortgage. They want to rent until it's "the right time to buy." While these may seem like valid reasons at first, further scrutiny reveals that they have some underlying flaws. The MacGuire Team is here to help you identify why some of these reasons might not be such a great excuse to wait to buy a house in Colorado Springs after all. "I Want To Save For A Down Payment." Traditionally, homeowners had to have a 20% down payment in order to buy a house. Some people still assume this to be true, but the reality is that buyers can now purchase home with as little as 10%, 5%, 3%, or even (in some cases) 0% down. It's worth mentioning that there is downside to such low down payments - the less money you spend upfront, the greater your total loan amount will be. The greater your total loan amount, th...