• 8 signs you're ready to buy a house

    5 days ago - By Business Insider

    Summary List Placement 1. You have money for closing costs
    The minimum down payment you'll need to buy a house will depend on which type of mortgage you need. It could be as high as 20% for a jumbo mortgage - or you may not need a down payment at all for a VA or USDA mortgage .
    But a down payment isn't the only big upfront cost you need to think about. You should also prepare for closing costs.
    According to data from mortgage technology company ClosingCorp , the average closing costs in 2020 were $6,087 with property taxes, and $3,470 without taxes. The amount you pay will also vary...
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