Coldwell Banker Residential Brokerage - Andover
Margus Deery, Coldwell Banker Residential Brokerage - AndoverPhone: (978) 337-0769
Email: [email protected]

Tag: Down Payment

Posted on 04/10/2022
The Benefits of a Large Down Payment
When buying a home, the down payment will make up the bulk of your upfront expenses. While most mortgage lenders offer you flexibility in the amount of your down payment, it's difficult to decide how much money to spend right away. While a higher upfront cost, a higher-than-minimum down payment has some significant advantages. Here are the main...
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Posted on 07/11/2021
Home Financing: PMI and Down Payments
Part of buying a home is researching the market and your finances. Most lenders require you to put at least 20 percent down or pay private mortgage insurance (PMI). Since PMI is a cost that does not lower your interest rate or principal, it’s almost always better to save up that hefty down payment. Lenders charge PMI to...
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