Sentences with phrase «significantly smaller down payments»
A down payment of at least 20 % of the purchase price of the home minimizes insurance requirements, but many lenders let buyers purchase a home with significantly smaller down payments.
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If you don't plan on earning significantly more in the future, an alternative is to earn more side hustling or freelancing, save a bigger down payment, and then take out a smaller mortgage payment.
The government's Small Business Administration 504 loan plan allows business owners to pay a significantly reduced down payment on commercial real estate while still getting favorable loans.