DigitalDukedom
Mon Sep 30 2024
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5 answers
1276
How much down payment for a 500k house?
I'm curious, when it comes to purchasing a 500,000 dollar house, what would be the standard amount for a down payment? Does the percentage vary depending on the type of loan or the financial institution? Additionally, are there any other factors that can affect the down payment requirement, such as the buyer's credit score or the location of the property? And finally, what are the benefits of making a larger down payment, aside from reducing the overall cost of the loan?
