your house acts as collateral for the debt. This means that if you fail to repay the loan as agreed, your lender can seize your property. Tip: If you’re struggling to save enough money to cover your ...

A down payment is the portion of a home’s purchase price the buyer isn’t financing with a mortgage. The amount is paid upfront at closing. Depending on the buyer’s finances and the type of loan, down ...

A good starting point is to know how much house you can afford. A monthly mortgage payment weighs heavily on your budget.