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Tag: Down payment

Why 20 Percent Is The Ideal Down Payment

Buying a house can be one of the most expensive things you do in your adult life, but there are ways to mitigate the costs overall. These include both saving up until you have a considerable sum to put toward your new home and making a hefty down payment. While you can make a down payment as low as five percent, 10 percent is the happy medium and 20 is considered to be the very best overall. If you’re in the market for a new house, here are a few reasons why you should consider making the bigger financial commitment upfront.

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