Home » High Down Payments Advantages

High Down Payments Advantages

ADVANTAGES OF PUTTING MORE THAN 20% DOWN PAYMENT

Less than 20% down payment and interest rate, ability to outbid other buyers — what’s not to like? Maybe I’ve heard the conventional wisdom about a higher down payment. I should aim for 20% of the house’s buying price. But for a bundle of people in a bundle of markets, that’s a bundle of money. I can buy a home with as minimal as 3.5% down with an FHA loan. So sticker shock, I must be wondering whether putting a full 20% down