What Every Homebuyer Should Know

Buying a home is a big step, but your down payment doesn’t have to be as intimidating as it sounds. In this episode of Making Cents, NBC Mortgage Banker Tracy Allen breaks down what buyers need to know, including how much you really need to save, why the 20% rule is outdated, how PMI works, and how different loan options can help make homeownership more achievable. Tracy also covers planning timelines, prequalification, escrow, and the benefits of working with a local lender versus an online platform.

If you’re preparing to buy a home or just starting to explore your options, this episode will help you feel more confident and informed throughout the process.