Tag Archives: Down Payment

20% Down Payment

Having 20% downpayment towards a home purchase is the ideal amount for financed loans, even 25% can beĀ preferableĀ for jumbo loans. Up to this point that percentage has been seen as ideal not mandatory, depending on other circumstances. There had been … Continue reading

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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 … Continue reading

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