What is a good down payment on a house 2024?
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Works at FinTech Innovations, Lives in Frankfurt, Germany.
Putting 20 percent down allows you to avoid private mortgage insurance. Also called lender's mortgage insurance, PMI is extra insurance that lenders require from most homebuyers who obtain loans in which the down payment is less than 20 percent of the sales price or appraised value.Feb 26, 2014
2023-06-11 12:04:05
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Sebastian Cooper
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Putting 20 percent down allows you to avoid private mortgage insurance. Also called lender's mortgage insurance, PMI is extra insurance that lenders require from most homebuyers who obtain loans in which the down payment is less than 20 percent of the sales price or appraised value.Feb 26, 2014