When looking to buy a home in the Long Beach Island real estate market often times a mortgage will be involved. While it is true that many purchases are cash transactions, especially in the higher price points, understanding financing options is a key step to shopping for a Long Beach Island home. Since the LBI real estate market is primarily a second home market, loans of less than 20% were non-existent until recently. In the past year or so, we have been seeing more and more low down payment loans, some as little as 5% or 10% down. To that end, buyers should understand the advantages of LBI Real Estate Market 20% Down Payments and how they can impact the ownership cost of a home.