by Shannon Gupta   @shannonfgupta

October 26, 2017: 9:48 AM ET  

For cash-strapped Millennials, saving for a down payment on a home can be downright daunting.

If a traditional 20% down payment sounds out of reach, you'll be happy to know that some mortgages will allow you to put down as little as 3.5% of your home's purchase price.

But there's a catch. Putting down less means you're borrowing more -- and will have to pay interest on that entire loan.

You're also on the hook for extra fees on top of all the regular expenses that come with home ownership.

Here's how to decide if down payment assistance is right for you.

Step 1: Understand the challenges

Making a down payment of less than 20% will result in higher…

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How to Show Your Home to Buyers

Home showing tips © Big Stock Photo By Elizabeth Weintraub Updated May 21, 2017

When you show your home, you want to engage the buyer emotionally because the decision to buy is based more on emotions, and less on logic. Give the buyer permission to say, "Yes, I want to buy this home," by staging, accentuating your home's positive attributes, and do not draw any attention to the negative aspects.

Besides, there will be plenty of time after the deal is signed to talk about the drawbacks.


In many markets, it is customary for the buyer's agent to tour a listing without the listing agent present, and they ask the seller to leave the house. If you are selling your home as a for…

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