Ever heard you need to put 20% down to buy a
home? Or, that you should? Where’d that idea come from? Read on, to learn
why. Very good article, with lots of stuff even I didn’t
know.
Ever been told that you need to make a “20% downpayment”
on your home to get the best rates? Or that putting anything less than 20% down is
risky?
Contact me to find to set up an appointment to start your Boston condo buying process.
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For more information please contact one of our on-call agents at 617-595-3712.
Updated: January 2018
This is one of my favorite mortgage myths and I’ll spend
some time explaining why we have all believed that “20% down” is the best way. It
all comes down to the perceived risk of the lender.
Complete article:
Origin of the 20% Downpayment Myth – by Dan Green, “Mortgage Reports”
blog
