Make 10 Percent Your Down Payment Minimum
One of Dave Ramsey’s top tips for buying a new home is to put down at least 10 percent on your new home. He says 20 percent is even better, as it will help you to avoid private mortgage insurance (PMI). “That’s an extra cost added to your monthly mortgage payment, and it doesn’t go toward paying off your mortgage balance.”
Check out these 8 steps to successfully purchase your first home.
Article source here: 10 Tips on Paying Your Mortgage Off Sooner
No comments:
Post a Comment