You don’t always need a home loan down payment.

April 14, 2008 7:12 am admin Business

If you are in the markeyt for a new home, you should meet with the bank to get prequalified for a home loan. Then, you will know what price range to look for. You don’t always need a home loan down payment. If you qualify for a certain amount and find a home within that price range, you won’t need a down payment. If you decide to buy a home that is more than your prequalified amount, you will have to come up with the difference as a down payment.