David Deem 714-997-3486 Dave@DeemTeam.com Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes. Today, there’s still a common myth that you have to come up with 20% of the total sale price for your down payment. This means people who could buy a home may be putting their plans on hold because they don’t have that much saved yet. The reality is, whether you’re looking for your first home or you’ve purchased one before,  you   most likely   don’t need to put 20% down . Here’s why. According to  Freddie Mac : “The most damaging down payment myth—since it stops the homebuying process before it can start—is the belief that 20% is necessary.” If saving that much money sounds daunting, potential homebuyers might give up on the dream of homeownership before they even begin ...

  David Deem 714-997-3486 Dave@DeemTeam.com Many people are eager to buy a home right now while  affordability  continues to be a highlight of the current housing market. However, a recent  survey  by  Sparks Research  shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to homeownership. This is definitely understandable. If you don’t feel comfortable with the financial process of buying a home, it’s hard to make a confident decision. In fact, four in five homebuyers say they need help to understand what they can even afford in the first place. This is why finding the right professionals to help you through the process is so important. On top of that, the same survey reports over two-thirds of prospective homebuyers believe they’ll need assistance to save enough for a  down payment . What they may not realize is that there are a lot of down payment assistance programs at the state and regional levels, and many o...