save money for down payment: Buying a Home? 5 Ways to Put Together a Down Payment
- 01/24/21 06:49 AM
Even when you've decided you can afford to buy a home; you still have a decision to make regarding the down payment. There are quite a few things to consider. Often, to get the best mortgage interest rate possible, a borrower of a home loan must put down 20 percent of the home's purchase price. Though there are down-payment options of 10 percent and lower, those options usually come with private mortgage insurance, which can tack on hundreds of dollars to your monthly payment. So it helps to come up with as much as you can for a down payment, and it usually … (1 comments)
Even when you've decided you can afford to buy a home; you still have a decision to make regarding the down payment. There are quite a few things to consider.
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