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re: What's the most amount of money you'd put down on a new house? It would be a new build.
Posted on 3/3/24 at 6:17 pm to VermilionTiger
Posted on 3/3/24 at 6:17 pm to VermilionTiger
The more expensive the house, the more likelihood that the person buying it is paying cash, or is putting down a huge deposit.
Minimum 20% unless you are a first time homebuyer and can get a 10% loan if they still exist. The mortgage insurance for the other 10% financed is a silent killer. One of the biggest mistakes I made when purchasing my first home. If I had waited another 8 months I would have saved thousands in mortgage insurance.
Minimum 20% unless you are a first time homebuyer and can get a 10% loan if they still exist. The mortgage insurance for the other 10% financed is a silent killer. One of the biggest mistakes I made when purchasing my first home. If I had waited another 8 months I would have saved thousands in mortgage insurance.
Posted on 3/3/24 at 10:45 pm to Mariner
quote:
The mortgage insurance for the other 10% financed is a silent killer. One of the biggest mistakes I made when purchasing my first home. If I had waited another 8 months I would have saved thousands in mortgage insurance.
How?
I put down 10% on my first house. I paid like 350 bucks total in pmi before refinancing a year later when I got it dropped.
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