Constance Edwards

Don’t let the down payment myth stop you from purchasing your dream home.

Don’t let the down payment myth keep you from becoming a homeowner.

One of the most common things I hear is:

“I’ll buy when I have 20% saved.”

The truth? Many buyers purchase a home with much less.

Your mortgage approval amount is not your spending goal.

One of the smartest things you can do before buying a home is create a budget based on your lifestyle—not just what a lender says you qualify for.

Think beyond the mortgage payment and consider:

✔️ Principal & interest
✔️ Property taxes
✔️ Homeowners insurance
✔️ HOA dues (if applicable)
✔️ Utilities
✔️ Home maintenance and repairs
✔️ Your everyday living expenses
✔️ Savings and emergency funds

A home should fit your life—not force you to change it.

The best home isn’t always the most expensive one. It’s the one that allows you to build wealth while still enjoying your life.

Thinking about buying? Let’s determine a monthly payment that works for your goals—not just your approval amount.