How Much Money Should You Put Down on a House?
Posted by Jason Coriano on
One of the top concerns that first time homebuyers have is how much money they should put down on a new house. The number that always gets thrown out there is 20 percent, and even in the San Diego real estate market, that can be a lot of money for people to have to put down on a house.
Just to put the percentage into a real number, 20 percent of a house that costs 300,000 dollars equates to 60,000 dollars as a down payment. Even for a homebuyer who has a stable job and a good amount in savings, this kind of money is a huge investment that many people either cannot or are unwilling to make.
The Good News
The good news that many people don’t know is that you don’t have to put 20 percent down on a house (not even close). Most people can get a new…
907 Views, 0 Comments