should i put more than 20 down on a house

Is there any risk for having more than 20% down payment for a new condo? I read an article suggested paying. Asked by Maria, San Francisco, CA Sun Apr 13, 2008. no more than a 20% down payment for a house or condo.

It’s been some time since I’ve done mortgage Q&A, so without further delay, let’s explore the following question: “Do you need 20% down to buy a house?” If you chat with anyone older than 50 (maybe 60), they’ll probably tell you that you need to (or should) put 20% down if you want to buy a house.

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How NOT To Buy A House – Financial 180 – The 80% had a 6.5% interest rate, and the 20% had a 12.5% interest rate.. buying more house than you can afford and paying interest on it for 30. Don't buy 'more house' just because you can; Buy with cash, or put a large down. Should you invest your cash flow instead of paying off your mortgage?

The minimum down payment required for a conventional loan is 3%. And the minimum down payment for an FHA loan is 3.5%. Some special loan programs even allow for 0% down payments. But still, a 20% down payment is considered ideal when purchasing a home. You may have heard this referred to as the 20% rule.

10% Down vs. 20% Down on a House | Finance – Zacks – 10% Down vs. 20% Down on a House. An important criterion when considering the purchase of a home is the amount of the down payment you are willing and able to make. While 20 percent of the.