2011-06-02thetruthaboutmortgage.com

"Old school thinkers generally say you should put 20 percent down on a home when taking out a mortgage. After all, you can get a lower mortgage rate, qualify more easily, and avoid mortgage insurance costs. But with home prices so high these days, it's tough for prospective buyers to rustle up all that cash."



Comments:

punstress at 05:33 2011-06-03 said:
If you can't *ever* come up with 20% down, how could you expect to ever pay 20% of your mortgage balance, with interest, much less pay it off entirely???? Permalink
bdc63 at 19:20 2011-06-03 said:
there's a word for those kind of people ... they're calld "renters" Permalink

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