Home
Message Board
Welcome, Guest
Please Login or Register.    Lost Password?
Message Board Ask Barbara A Question! Home Buying and Selling Questions
Re:Downpayment Percentage (1 viewing) (1) Guest
Go to bottom Post Reply Favoured: 0
TOPIC: Re:Downpayment Percentage
#182
NeedAdvice (User)
Fresh Boarder
Posts: 1
graphgraph
User Offline Click here to see the profile of this user
Downpayment Percentage 9 Months, 1 Week ago Karma: 0  
We are looking at buying our first home and although we have good incomes we have little saved. It would take time to raise a large downpayment that we don't want to wait.

How much of the value is normally expected?
 
Report to moderator   Logged Logged  
  The administrator has disabled public write access.
#184
Barbara_Reaume (Admin)
Admin
Posts: 101
graph
User Offline Click here to see the profile of this user
Re:Downpayment Percentage 9 Months, 1 Week ago Karma: 0  
There is no exact or set percentage that is required, however there are preferences. If you are able, 20% is a good amount. But if you go as low as 10%, or lower then you will be required to have mortgage insurance current at all times. But this will not stop you getting a mortgage.
 
Report to moderator   Logged Logged  
  The administrator has disabled public write access.
Go to top Post Reply
Powered by FireBoardget the latest posts directly to your desktop
 
Copyright © 2008 Barbara Reaume.com - Montecito Real Estate - Santa Barbara Realtor Our site is valid CSS Our site is valid XHTML 1.0 Transitional