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Down Payments: Today's Most Persistent Misconception about Mortgages
Posted to: Around The Web
Monday, June 16, 2014 4:07 AM

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By VP and Head of Single-Family Sales & Relationship Management Christina Boyle Today's consumers persistently overestimate the size of a down payment they need to finance a home. Just how deep-rooted the myth of the large down payment is was made plain in some recent research from Zelman & Associates in New York, which found respondents, on average, believe lenders require equity of 11 to 15 percent. Read More


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