Updated almost 2 years ago on . Most recent reply
Question about down payments
Is there a general rule or anything about how much you should pay upfront for a new property? As long as you can afford the monthly payments does it matter? Also, how would one go about using the 1% rule and the 50% rule effectively? If your monthly payments are adjustable based on the size of your down payment, then should you make an offer based on whatever works best for you?
I haven't been able to find a straight answer, partially due to me not knowing exactly how to phrase my question. Hope this makes sense.