How Much Do You Really Need to Put Down On a House?

Traditionally, homebuyers have targeted 20% as the ideal down payment but does that still hold true today?  We meet with people all the time who want to know how much they need to put down on a home, so let's look at the current trends nationally and talk about what percentage might be best for you. Here's what we discuss in this episode: 📉 Why 68% of our clients are putting less than 20% down 💡 The real deal with PMI (and why it's not always bad) 🏠 Local down payment trends in Philly vs. high-cost cities 📊 How your money might work harder outside your mortgage   CONTACT: Schedule a time to meet with Bill here: https://calendly.com/blitton/ Visit the Smart Mortgage Show website for more podcasts, videos and mortgage info: https://smartmortgageshow.com/ Call: 484-352-4151. Check us out on YouTube: https://bit.ly/3KbUxAF