MYTH
You need 20% down.
Tipsy: “Well that would’ve been useful information before I started panic-saving.”
Get Mia’s takeMortgage Bar / Mortgage Mixologist
Meet Tipsy.
She has questions.
A lot of questions.
Every Tuesday, Tipsy brings the mortgage questions, myths, misunderstandings, and ‘wait… what?’ moments straight to Mia.
Some are smart. Some are questionable. All of them are worth asking.
See What Tipsy Asked This Week
Brand personality. Unlicensed. Unfiltered questions.
The weekly interrogation
Tipsy Tuesday
A new mortgage misconception gets interrogated every Tuesday.
Mortgage questions, answered by Mia
Things Tipsy Should’ve Asked Mia About First
Real questions borrowers ask, with straight answers from Mia Schultz, The Mortgage Therapist.
- Do I reallly need to save 20% for my down payment? That stinks!
- Mia:No you do not always need 20% down. In fact, there are many programs that allow first time and move-up homebuyers the option to put down as little as 3%-5% down instead. This down payment requirement can also be covered by using our down payment assistance programs. We have many low or no down payment options available, each with their own qualifications.
A short pour of perspective
Tipsy’s Myth Bar
MYTH
One lender saying no means everyone will.
Tipsy: “So we’re getting a second opinion. Excellent.”
Get Mia’s takeMYTH
Self-employed borrowers can’t qualify.
Tipsy: “Apparently tax returns have opinions.”
Get Mia’s takeMYTH
The lowest advertised rate is automatically the best mortgage.
Tipsy: “There are… other numbers?”
Get Mia’s take
Your Mortgage Therapist
Tipsy asks the questions.
Mia handles the mortgage.
I’m Mia Schultz, The Mortgage Therapist. I bring more than two decades of experience, a personal approach, and clear mortgage strategy to your real-life questions. Tipsy starts the conversation. I help you find a way forward.