Ric Smith's blog

How Do Down Payments Vary from State to State?

Saving up enough cash to cover the down payment is consistently cited by hopeful home buyers as one of the greatest impediments to buying a home. The exact dollar amount required up front by the lender depends on numerous factors, but buyers generally need to come up with several tens of thousands of dollars in order to take out their home loan. Of course, borrower-specific details such as the type of mortgage and credit score are major factors in determining a particular loan's terms, but have you ever considered how average down payments vary from state to state? To answer this question, LendingTree examined down payment data from across the 50 states (and D.C.) to learn which state's mortgage borrowers were offering up the largest and smallest down payments in Q3 2018. 

Veterans Day at the Miracle of America Museum

You probably know that Veterans Day is coming up on November 11, but do you know why that date was chosen as the time to salute all of our nation's brave service members? It turns out that November 11 was a historic date even before the holiday existed, as it was on that date in 1918 that the armistice ending hostilities in World War 1 took effect! Of course, that means that this year marks the 100th anniversary of this event!

The Miracle of America Museum wants to help everyone remember this pivotal moment in history by offering free admission to all veterans as well as giving out free pocket constitutions to visitors on November 11! The museum is open every day from 9 a.m. - 5 p.m. and is located at 36094 Memory Lane in Polson. You can learn more about this great local resource by heading over to its website.

Which State Edged Out Montana for Having the Largest Yards?

How large (or small!) is an average home's yard in each state? It's a relatively simple question, but one which yields a massive range of answers. In fact, the yards in the highest-ranked state average almost 74,000 square feet, while those in the last-place state are a measly 4,300! It probably won't come as a shock to learn that Montana is right up near the top, landing at #2 on the list, but the #1 state seemed like a considerable underdog. Keep reading to learn which homeowners have the most outdoor room to roam on their property!