Friday, October 10, 2014

A Step-by-Step Guide to Homebuying

Determine the down payment.


Most lenders and housing experts say homebuyers should put 20 percent down. Corbett highlights several reasons for this figure: You instantly gain a little equity, you get a lower interest rate on your mortgage and you’re “viewed as a more serious, more qualified buyer when you’re competing with other buyers for a property.”

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