Getting a home loan, how much do I need to put down?
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If you have bad credit (no bankruptcys though) and a decent income, how much should you expect to have to put down to get approved for a home loan.
Getting a home loan, how much do I need to put down?20% down if you don't want to get stuck with paying mortgage insurance for the length of the loan. I once put down 8% meeting the criteria in your question. Good luck if you need some awesome advise look up a couple of good authors Dave Ramsey or Suze Orman.
Getting a home loan, how much do I need to put down?Anywhere from $3500 to 10% of cost
Getting a home loan, how much do I need to put down?At least 10%
Getting a home loan, how much do I need to put down?Maybe not now, but one day the old school rules that worked well for generations will come back after the bubble implodes.
That rule being - 20% down. Period. None of this piggy back loans, interest only mortgage nonsense, etc.
Good Luck :-)
Getting a home loan, how much do I need to put down?I would say atleast 10%, but you can go to this website and they will be able to tell you, they give free quotes. It's http://julimarie.PWSMortgage.com
Getting a home loan, how much do I need to put down?if your credit is not perfect- depends what is on your credit and how many points your credit score is. if your credit is between 580-600 points you can get even 100% financing, but down payment will definitely bring your interest rate down.
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