The 9 Steps to home-ownership

The second step is to evaluate what you have in cash for a down payment.

The 9 Steps to home-ownership

If you’re able to put 20% or more down on the house, you’ll have several advantages.

These include lower monthly payments, and being able to skip private mortgage insurance.

You can often find ways to get a mortgage without a down payment, or with just 10%, but ideally you want a full 20% down payment.