Where You Stand

Scott F. Williamson | CA DRE# 02235992

 

 

 

Equity, Timing, and the Next Season 
 

 

Your home has quietly created flexibility over time.
This guide explains how equity works across real life—what already exists, where gaps appear, and how timing and leverage come together when it’s time to move forward.

OWL YOU NEED TO KNOW

How much do I need for a down payment on a home?
The amount you need for a down payment depends on the type of loan and your financial situation. While 20% is a common benchmark, many buyers put down less—some conventional loans allow as little as 3%, and FHA loans require just 3.5%.

What’s the difference between pre-qualification and pre-approval?
How does my credit score affect my mortgage rate?
What are closing costs, and how much should I expect to pay?
How long does the homebuying process usually take?
Can I buy a home if I’m self-employed or have irregular income?
What’s included in my monthly mortgage payment?

What is a 2-1 buydown, and how does it work?

Who pays for the 2-1 buydown—the buyer, the seller, or the lender?