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How much ready money will you need? Usually speaking, the more capital you put down, the lesser your mortgage. You can place as little as 3% down, depending on the loan, but you'll have a higher interest rate. In addition, anything less than 20% down will have need of you to pay Private Mortgage Insurance (PMI) which shelters the lender if you can't make the payments.
How much ready money will you need? Usually speaking, the more capital you put down, the lesser your mortgage. You can place as little as 3% down, depending on the loan, but you'll have a higher interest rate. In addition, anything less than 20% down will have need of you to pay Private Mortgage Insurance (PMI) which shelters the lender if you can't make the payments.
