Hi, my name is [your name here]. I am a Realtor here in [your city here].
For many borrowers, putting down 20% or more on your mortgage is either not an option, or just doesn’t make sense from a cash flow perspective.
Here are a few things to know about your down payment:
First, if you put down 20% or more you will likely get a more favorable rate.
Second, if you put down less, that’s ok.. But you will most likely have to pay PMI, which stands for private mortgage insurance.
If you find a loan that advertises “No PMI” with less than 20% down, make sure to ask about the higher rate you will pay as a result.
FHA and VA loans are backed by the government, and may be a good fit if you are putting down on less than 20%.
Finding a good lender will help shed a better light on all of this.
Thanks for being here, and make sure to check out the MORE FROM [your name here] button on this page for more great content.
And if you are a homeowner, claim your free home management system below by clicking the FREE HOME MANAGEMENT SOFTWARE button at the bottom of this page.
There is a video there that will explain what I am giving you, so take a look.
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Thanks so much again and feel free to pass this along to your friends, neighbors and even your work colleagues if they need my help.
Have a great day and happy house hunting!
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