9 Facts About Mortgages Every Baby Boomer Should Know — The Motley Fool

It surprises me how frequently people abort their home buying plans for the wrong reasons. In particular, #3 “You don’t need 20% down” comes up with surprising (to me) regularity.

Yes, having 20% down changes some options, but there have been low money down conventional mortgages for decades, and other government-insured loan options that require as little as no money down for many homebuyers, of any generation.

So while this article is written with the Boomer in mind, there is wisdom here for anyone with dreams of owning a home.

9 Facts About Mortgages Every Baby Boomer Should Know — The Motley Fool.

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