August 14, 2023
Home Buying
Purchasing real estate is a significant milestone in anyone's life. Whether you're buying a house to call it your forever home or as an investment, the decision to make a downpayment is crucial. While some opt for a smaller downpayment, there are undeniable advantages to putting down a larger sum upfront. In this article, we will explore the pros of a larger downpayment in real estate and how it can benefit you in the long run.
A larger downpayment means you are borrowing less money from the lender. Consequently, this reduces your overall loan amount, leading to lower monthly mortgage payments.
Diana Renee
I am so fortunate to have grown up in one of the most wonderful places in the world, California. With friendly people, incredible weather, great entertainment, beaches, mountains and the desert all within driving distance, SoCal has it all. I was born and raised in Long Beach, and have lived in Corona since 1996. I truly love this city and I'm proud to assist my clients in navigating the process of buying and selling real estate.
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