Here’s the quick math: on a 30-year fixed-rate loan at today’s rates, every extra $10,000 you put down reduces your monthly payment by roughly $60. So if you save up an additional $20,000, you’ll lower your payment by about $120 per month.
Before I bought my first house, I was nervous — maybe more nervous than I was about getting married. For me, the hardest decision wasn’t “I do”… it was “Do I buy?” And if you’re asking that same question right now, you’re not alone.
If you’re asking yourself “Should I wait to buy until mortgage rates drop?” — you’re not alone. It’s the number one question I hear right now. The honest answer? Maybe… but don’t count on a big, guaranteed drop.
If you’ve ever applied for a mortgage, you know the drill: the moment your credit is pulled, your inbox, phone, and mailbox explode with offers from lenders you’ve never heard of. It’s stressful, confusing, and frankly, invasive.
