Savings and Investments

Investing in Real Estate

What are the general guidelines for down payments?

Most lenders would prefer to have you put down 10%–30% of the price of the house in the form of a down payment. This enables you to possibly get better interest rates, lower fees or points, and reduce your monthly payments and interest over the lifetime of the loan. There are many programs offered by banks, including federal incentives, for the purchases of homes, especially for first time home buyers. Check with your bank or mortgage adviser.


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