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Gary Miljour
"Mortgage Advice for the Southwest"
- 8 Helpful Answers
- 36 Answers
- 2 Blog posts
Locations:
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Experience:
Loan Officer for Cherry Creek Mortgage
January 2007—present
Gary Miljour has over 14 years of experience in the Real Estate and Mortgage Services…
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Gary Miljour has over 14 years of experience in the Real Estate and Mortgage Services…
Specialties:
Homeowners First
The purchase of your first home will be one of the largest investments you will ever make. You will need a plan and some thorough guidance ... show more
The purchase of your first home will be one of the largest investments you will ever make. You will need a plan and some thorough guidance ... show more
Certifications
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& Awards:
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Interests:
Having focused knowledge of his client's specific loan programs and products
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About:
Trusted Advisor
Gary Miljour has over 15 years of experience in the Real Estate and Mortgage Services Industry. His studies in business management have ... show more
Gary Miljour has over 15 years of experience in the Real Estate and Mortgage Services Industry. His studies in business management have ... show more
Testimonials:
"Gary,
We want to thank you for your expertise and patience; not only in taking us through the loan process, but also for our seemingly endless questions. ... show more
We want to thank you for your expertise and patience; not only in taking us through the loan process, but also for our seemingly endless questions. ... show more
Gary Miljour answered:
Dear Alayna,
The down payment really depends on your unique situation and circumstances. For example a VA loan will finance 100% with no down payment required, but you have to be a veteran. The most common loan today with the least amount down is FHA financing which only requires 3.5% down payment. FHA is a government backed loan program and the mortgage insurance premium is usually cheaper than conventional. But again this may not be your best bet based on your unique situation. It also depends on where you want the payment to be and how much of a home you want to qualify for. My suggestion would be to talk with a lender who can do your loan in your local market. Talk with that lender and come up with a mortgage plan based on all your needs. The down payment is just one part of the overall decision on which loan program will be the best for you. If you are looking to buy in Arizona, I would be happy to speak with you.
The down payment really depends on your unique situation and circumstances. For example a VA loan will finance 100% with no down payment required, but you have to be a veteran. The most common loan today with the least amount down is FHA financing which only requires 3.5% down payment. FHA is a government backed loan program and the mortgage insurance premium is usually cheaper than conventional. But again this may not be your best bet based on your unique situation. It also depends on where you want the payment to be and how much of a home you want to qualify for. My suggestion would be to talk with a lender who can do your loan in your local market. Talk with that lender and come up with a mortgage plan based on all your needs. The down payment is just one part of the overall decision on which loan program will be the best for you. If you are looking to buy in Arizona, I would be happy to speak with you.
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