Tagged Questions
5
votes
2answers
340 views
To buy a house, is a 20% down-payment required for a mortgage?
My wife and I want to buy a house. The price is well within our means. The mortgage payment would be less than 25% of our gross income and we have no other debt, so we're comfortable with the payment.
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15
votes
8answers
2k views
Should I wait until I have a 20% down payment to buy a home?
With an FHA loan that only requires a 3.5% down payment, I'm able to buy a home right now and comfortably afford the monthly payments. However, I know that means I'll pay PMI and more interest over ...
5
votes
1answer
179 views
Getting on the property ladder: mortage, downpayment, fees? [UK]
Once I've got my finances straight I'd like to think about getting my own place, but what sort of money am I looking at to have under my belt before I can begin thinking?
Is it right that the UK ...
9
votes
5answers
645 views
Should I put more money down on one property and pay it off sooner or hold on to the cash?
I've a huge chunk of money saved up for a down payment on a property that I'd eventually like to pay off and use as a rental. The assumption is that the property value will go up substantially over ...
