I am planning to buy a house. In our region, you have the option to either pay the downpayment in a monthly basis if it is too much of an amount for you. That is the first option.
2nd option is to pay the downpayment in full.
I am gearing towards the first option since I do not have the amount required to pay the downpayment in full. Downside is it would take much longer to make the house have tenants (im planning to rent this out).
With the 1 big time payment, I think I can save up to the required downpayment. Problem is, after 1 or 2 years, the price of the house will go up and that is applicable to the downpayment as well.
I think I can put it simply, cheaper way but longer time. Or a bit more expensive approach but probably quicker.
Besides my limited view on this subject, what other points should I consider?