down payments: Down Payments and Home Buying
- 10/01/08 06:34 AM
The down payment is the difference between the purchase price of a home and the loan amount, and is due at the time of closing the transaction. It ranges from as little as 0 percent of the purchase price to however much you wish to put down. The larger your down payment, the less interest you will have to pay in the long run. Loans with minimum down payments typically require a fee for mortgage insurance (PMI) in addidtion to your monthly payment, though your lender may offer 100% finance options that do not require mortgage insurance. Money for the down payment may … (0 comments)
down payments: Down Payments and Home Buying
- 10/01/08 06:33 AM
The down payment is the difference between the purchase price of a home and the loan amount, and is due at the time of closing the transaction. It ranges from as little as 0 percent of the purchase price to however much you wish to put down. The larger your down payment, the less interest you will have to pay in the long run. Loans with minimum down payments typically require a fee for mortgage insurance (PMI) in addidtion to your monthly payment, though your lender may offer 100% finance options that do not require mortgage insurance. Money for the down payment may … (0 comments)
down payments: Down Payments and Home Buying
- 10/01/08 06:31 AM
The down payment is the difference between the purchase price of a home and the loan amount, and is due at the time of closing the transaction. It ranges from as little as 0 percent of the purchase price to however much you wish to put down. The larger your down payment, the less interest you will have to pay in the long run. Loans with minimum down payments typically require a fee for mortgage insurance (PMI) in addidtion to your monthly payment, though your lender may offer 100% finance options that do not require mortgage insurance. Money for the down payment may … (0 comments)
With everything that is going on in our economy today so much fear is driving our everyday decisions. Not knowing if we will be able to fill our gas tanks from one day to the next due to gas shortages, I ask, "is this a good time to invest in real estate?"
The down payment is the difference between the purchase price of a home and the loan amount, and is due at the time of closing the transaction. It ranges from as little as 0 percent of the purchase price to however much you wish to put down. The larger your down payment, the less interest you will have to pay in the long run. Loans with minimum down payments typically require a fee for mortgage insurance (PMI) in addidtion to your monthly payment, though your lender may offer 100% finance options that do not require mortgage insurance.
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