DON'T PUT 20% DOWN

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Here’s why you should never put 20 percent down when you're buying your first property.

Our parents used to give us the advice to save all our money so that way you could put 20 percent down and avoid PMI.

But here's the thing, by waiting years to buy a property, the prices of these properties increases more than what the PMI would have cost you.

If you've got good credit, PMI has become extremely cheap these days and for many types of loans you only have to pay this temporarily.

By putting less money down on that first property, you can get into the game quicker.

Plus you'll have money left over for reserves, repairs, and most importantly for future investments.

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Equal Housing Opportunity
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