Cassandra Fair

Think you need a 20% down payment to buy a home? Not always.

One of the biggest home-buying myths is that you must put 20% down.

The truth? Many qualified buyers purchase a home with as little as 5% down on a conventional loan.

Here's why some buyers choose that route:

🏡 You keep more cash on hand for moving expenses, renovations, furniture, or emergency savings.

📉 You can still lock in today's interest rate and purchase the home without waiting years to save 20%.

💰 Later, if your loan and lender allow it, you may be able to recast your mortgage.

What is a mortgage recast?

A mortgage recast lets you make a large lump-sum payment toward your loan principal after closing. Your lender then recalculates your monthly payment based on the new, lower loan balance.

The result can be:
✔️ A lower monthly mortgage payment
✔️ Less interest paid over time
✔️ The possibility of removing private mortgage insurance (PMI) once you have enough equity (if your loan qualifies)

Keep in mind: A mortgage recast isn't available on every loan. Eligibility depends on your loan type, lender guidelines, and your financial situation.

The best down payment strategy isn't the same for everyone. For some buyers, putting 20% down makes perfect sense. For others, buying sooner with 5% down can be the better financial decision.

The key is choosing the option that supports your budget, goals, and long-term financial plan.

📩 Thinking about buying a home but not sure how much you should put down? Let's explore your options and find the strategy that works best for you.

📲 Cassandra “Cassie” Fair │ Houston Broker
📞 713-253-5084

Relocating to Houston? Here's What Today's Market Means for You.

Thinking about making the move? Here's what you should know:

✅ More homes are available, giving you more options.
✅ Buyers have more negotiating power than in recent years.
✅ You don't have to rush into a decision like during the bidding-war market.

📍 The Bottom Line:
If you're relocating to Houston, today's balanced market gives you more flexibility to find the right home at the right price.

Moving to Houston doesn't have to be overwhelming—having a local expert can make all the difference.

📲 Cassandra “Cassie” Fair │ Houston Broker
📞 713-253-5084

Celebrating Juneteenth—a day that honors freedom, resilience, and the enduring pursuit of equality. Today, we remember the past, celebrate progress, and continue building a future rooted in unity and hope. ❤️🖤💚💛

Happy Juneteenth! ✨