Finance

Pros and Cons of a 20% Down Payment You may have been told to put down 20% on a new home, but did you know that’s not a requirement? Lenders approve loans with much smaller down payments. Putting 20% down does have benefits, but it also has downsides and risks. Today, we’re taking you through the pros and cons of a 20% down payment. PRO: Lower Monthly Payment Making a substantial down payment will...

How to Figure Out If You're Financially Ready to Buy a House Buying a home in Connecticut is a huge financial step. Before you take the plunge, it is important to prepare accordingly. But how do you figure out if now is the right time? Today, we’re sharing some tips for how to figure out if you’re financially ready to buy a house.  Consider Your Debt-to-Income Ratio Lenders will consider your...