Home-buying

Buying a Home With a Low Down Payment

You may be wondering how to buy a home with a low down payment. Many potential homeowners think that lenders will expect them to make a down payment of at least 20 percent of a home’s purchase price in order to grant a home loan or mortgage. However, many mortgage lenders will grant home loans to qualifying home buyers with a low down payment of 3 to 5 percent of the purchase price if the mortgage is insured. These loans are called “low down payment mortgages.” You as the buyer will pay for the mortgage insurance, but the mortgage insurer will work with the lender directly.

uTANGO is the only rewards program that offers Members up to $1 Million in Life-Stage Cash Rewards. Whether you are single, planning a wedding, raising your children, buying a home, traveling for work or business, or just relaxing, you can make it pay off for you when you shop through uTANGO. Up to $1 Million can be yours when you leverage your spending through uTANGO. Learn more about uTANGO now.

Some solid advice on buying a home is to insist in any written offer you make that your offer is contingent on a home inspection. This should be conducted by a qualified home inspector. When you have your potential home inspected a trained professional will:

Assess the physical condition of the home and/or property including the structure, construction, and mechanical systems.

• Identify areas that should be repaired or replaced.
• Review and evaluate the life of the electrical, plumbing, and heating systems as well as any air conditioning equipment.

Although you will have to pay for the inspector yourself, this small step can save you thousands of dollars in unexpected repairs in the future and/or help you decide if you want to make the purchase at all.

Buying your first home is a rite of passage...and the experience can be as frightening as it is thrilling! The three major topics you need to cover before buying a house are: assessing your financial situation (how much can you afford), choosing a real estate agent, and establishing credit.

Many general home-buyers' websites feature a home-buyers guide that can take you step-by-step through what you need to know and do throughout the process. Search these online or go directly to a real estate agency's website to learn more.

About uTANGO

uTANGO is a new kind of reward program specifically for singles, engaged couples, and newlyweds (married less than 3 years). The program is FREE and allows you to earn Points toward Annual Cash Rewards up to $800 and Life-Stage Cash Rewards up to $1 million for your future.* It's easy - just enroll, then make all of your online purchases through any of nearly 300 uTANGO merchants and watch the Points add up!

To accelerate your Point earnings, get the uTANGO LifeStage Rewards VISA® Credit Card! Card holders will earn an extra two (2) Points per dollar spent online or offline at over 300 program merchants and one (1) Point per dollar spent anywhere Visa is accepted.

Receive 10,000 Bonus Points…and a $10 Gift Card from one of these merchants; Home Depot, Target or Starbucks when you spend $100 with your uTANGO Visa card! Click here to apply for the uTANGO LifeStage Rewards Visa Card