Should You Put Less Than 20 Percent Down?

[@vinceancheta]

I was that person trying to save 20% for year just to avoid pmi, but realized it would deplete savings and 401k leaving me with a higher monthly payment since ill need to borrow from my 401k/roth and pay off that loan which is significantly higher than PMI. So putting down 10% and buying a new build in Roseville. Thank you for all the advice over the years.

[@CatonDelRosario]

Thats incredible and i'm so happy for you! When do you close on the new build? Roseville is a beautiful area, we have an office up there.

[@vinceancheta]

@@CatonDelRosario heading up there this weekend with my realtor dad to pick and choose and do walk throughs. Ill Keep you updated.

[@dorran962]

Wow thanks alot! Just subscribed to channel and watching daily to gain knowledge! I'm new to this whole process so it's a lot for me to take in. I really would like to purchase a home or condo by the end of the year as well as get into the real estate industry asap. Thanks for the video, and keep me coming🙌🏾

[@CatonDelRosario]

Thanks for subscribing Dorran! Do you have any specific questions you’d like me to talk about in my next video?

[@dorran962]

@@CatonDelRosario not that I can think of at the moment..but when they come, I'll certainly bring them to you. Thanks!

[@YBLOY]

Thank you or this video! I was definitely preparing to save 20% down and was seeing myself not getting a house for another 5 + years.

[@CatonDelRosario]

You're welcome! a lot of people don't realize how much sooner that they can start owning their first homes by putting less down!

[@maryjoearingo1991]

Hello

[@jvolstad]

Things sure have changed over the past year. Down-payment? No less than 20%, IMHO. Also, be debt-free free before you take on a mortgage.

[@CatonDelRosario]

Everyone's finances are different! do whatever works for you!