Buying A Home
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Conventional Home Loan
Can you put down less that 20% with a conventional home loan? I know I have this information somewhere, but I can't seem to find it. I talked with a loan guy when we were pre-qualified and he told me specifics over the whole and I wrote them down and then put the paper somewhere so safe that I can't find it. LOL.
Re: Conventional Home Loan
Another reason people put more money down, like 20%, is because it means they have to borrow less overall. So, with savings accounts paying nothing, it makes sense to carry a lower mortgage amount and not have as much money being charged higher interest in that loan. Putting that money toward a lower principle loan amount instead of sitting in a savings account earning near 0% is a better use of the funds. That's if you have a savings account and aren't keeping the money in the market...