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The Loan Store Online
The Loan Store Online
Mortgage FAQ
 
How large of a down payment do I need?

How large of a down payment do I need?

There are mortgage options now available that only require a down payment of 5% or less of the purchase price. But the larger the down payment, the less you have to borrow, and the more equity you'll have. Mortgages with less than a 20% down payment generally require a mortgage insurance policy to secure the loan. When considering the size of your down payment, consider that you'll also need money for closing costs, moving expenses, and possibly repairs and decorating.



The Loan Store Online
818-293-0000
Sun Valley , CA  US
http://www.theloanstoreonline.com


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