What is the best down payment?

This actually depends on the scenario of each person, some may be business owners and may not want to put that much down payment, as may need to preserve the cash for something else.

If you are a single salaried person and have plenty of savings, say just sitting in the bank and you can easily cover 20%, then of course that will be your best bet. 

So the best down payment actually it really depends on the scenario, but having everything perfect the best down payment is 20% or more, this way you will avoid mortgage insurance and will get into the best program available.

Each loan is analyzed and then we give out a possible best solution as to what is best for the client.

Tags: Loan_Programs

Answered on Friday, Sep 19 2008 09:18 AM PDT

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