Savings and Investments

Investing in Real Estate

What is a down payment?

The down payment is the amount that you can comfortably pay in cash for the purchase of the house. This down payment, plus the mortgage amount, is the price that you pay for your house (plus some additional fees and expenses). The more cash that you put down, which is a percentage of the home price, the less your mortgage amount, and therefore your monthly payment, will be.


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