
Episode #10
Do You Really Need a 20% Down Payment to Buy a House? | Home Buying Explained
Do you really need a 20% down payment to buy a house? Many homebuyers believe that putting 20% down is required, but that's one of the biggest myths in real estate.In this episode of Define Real Estate, Daniel Fefferman breaks down the truth about down payments, explains when putting 20% down makes sense, when it doesn't, and how PMI (Private Mortgage Insurance) actually works. Whether you're a first-time homebuyer or planning to purchase your next home, understanding your financing options could save you thousands of dollars and help you buy sooner than you think.Topics include:* Why people assume 20% down is a non-negotiable * Other hidden expenses when purchasing a home* What a PMI expense is and how to avoid it* How to find the Ideal Down Payment for your New HomeSelling in San Diego?Get a free home valuation:https://definerealestate.com/home-valuation Connect with Daniel FeffermanPhone: (619) 733-9038Email: Daniel@definesdre.comInstagram: @define.realestateWebsite: www.definerealestate.com Like, comment, and subscribe if you enjoyed the episode!Daniel Fefferman | Define Real EstateDRE #02026109

