|
I have read a lot of posts on here in regards to down payment and how much is needed to purchase a home.rnrnWell I have news folksrnThere are 1000s of lenders that provide 100% financing so you don't have to have money for downpayments and in many cases closing costs as well. Unless you plan to put down 20% or more you might as well hold onto your cash in reserves or use it to furnish your home. Why not take advantage of these programs since they are available which can really help your cash flow when buying a new home.rnrnNow this is just one Mortgage consultants viewpoint but I would think it would be in your best interest to hold on to that cash especially since you can put it to other uses at your discretion. It should be your choice don't you think.
Reply
|
