American Mortgage Blog

Down Payments Are Still Very Important

By Mortgage Blog on 1/3/2012 12:00 PM
For a lender, down payments represent “skin in the game” since the more money a borrower can put toward a house the more the buyer will lose if they stop making payments. For many borrowers, attempting to put as little down toward the purchase of a house is standard, as they would rather have more money left over for furnishings, landscaping, and so on.
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