Stop Believing the 20% Down Payment Myth! 🏡
In this video, we explain why you don’t need 20% down to buy a home—and how today’s lower mortgage insurance costs can open the door to smarter financial decisions. Whether you're a first-time homebuyer or planning your next move, understanding your down payment options can save you money and stress.
Dave Steinberg NMLS: #67325 Mortgage Broker Summit Funding
What You'll Learn In This Video:
- You don’t need 20% down to buy a home—this is an outdated myth.
- Mortgage insurance is required with less than 20% down, but it protects the bank, not the buyer.
- Mortgage insurance has become far cheaper over the years—sometimes reduced by up to 80%.
- The real decision is how to use your money wisely: bigger down payment vs. keeping cash for renovations or emergencies.
Many mortgage options exist with just 3–5% down, and working with an expert helps you choose the best fit.
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Connect with me:
Office: 718.575.1166
Email: dave@summitfunding.com
https://summitfunding.com
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Summit Funding | Registered Mortgage Broker (NMLS #52081) New York State Department of Financial Services
7030 137 Street, Kew Gardens Hills, NY 11367
Summit Funding | Licensed Correspondent Mortgage Lender (NMLS #301151) New Jersey Department of Banking and Insurance
Summit Funding Inc., Your Mortgage Professionals Licensed Mortgage Broker (NMLS #84943) | State of Connecticut Department of Banking
Summit Funding, Your Mortgage Professionals, Inc. Licensed Mortgage Broker (NMLS #84943) | Florida Office of Financial Regulation
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Refer with Confidence®
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