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Assess
Your Finances
Prepare
to meet with a lender
Avoid
major purchases before buying a home
Keep
your money in one place
Closings
costs
Down
payment
Get
pre-approved
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Down
payment
Your
down payment is applied to the purchase price and is usually not
financed. The amount of down payment you use will reduce the
amount you need to borrow. So, the more cash you put down, the
smaller the loan amount, and in turn, the smaller the amount of
your mortgage payments.
Also,
if you have 20% or more to put down, this will eliminate
having to pay Private Mortgage Insurance (PMI). This could save
you thousands over the term of the loan and keep your monthly
mortgage payments down even more.
If
you have any questions, Please call
1-866-OC-House
© 2012 Inadrek llc - All rights reserved.
Written By Shan Roberts
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