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 mistybrooke6
Joined: 24 Mar 2007
Posts: 1
1.21 Dollars($)
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 Posted: Sat Mar 24, 2007 1:01 am Post subject: what percentage of cost is required for a down payment |
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| what kind of a down payment is required . |
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Jonny
Guest
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| Posted: Mon Mar 26, 2007 12:08 am Post subject: |
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Hi Misty,
You may have to pay 15% or 20% of the purchase price as the down payment on a new home. |
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olivia
Joined: 19 Mar 2006
Posts: 13
3.76 Dollars($)
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| Posted: Mon Mar 26, 2007 12:19 am Post subject: RE: down payment percentage |
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Hi Misty,
The percentage of down payment may vary from as low as 5% to as high as 25% of the purchase price. If you put down less than 25%, you need to apply for mortgage loan insurance.
You can use borrowed funds making your down payment.
Thanks. |
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