Tag: Down Payment
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20% Down Payment
Having 20% downpayment towards a home purchase is the ideal amount for financed loans, even 25% can be preferable for jumbo loans. Up to this point that percentage has been seen as ideal not mandatory, depending on other circumstances. There had been calls to make the 20% a regulation for borrowers to get access to the best […]
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Banks Demanding Higher Down Payments
An interesting article today in the WSJ about the current state of down payments in the mortgage market. The median down payment in nine major U.S. cities rose to 22% last year on properties purchased through conventional mortgages, according to an analysis for The Wall Street Journal by real-estate portal Zillow.com. That percentage doubled in […]