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Tag: deposit

Articles tagged as Deposit

Buying a Home in the Aftermath of the Sub-Prime Lending Shakeup

Posted on April 3, 2024 by Mitchel Boehner
By now, I'm sure everyone has heard about the sub-prime lending shakeup.In the event you haven't heard, the sub-prime lending shakeup was the consequence of many lenders' policy of earning loans which were extremely aggressive rather than necessarily good investments and that caused those loans to get a high default rate, which includes caused investors to avoid purchasing the loans in the secondary market...

How Do I Figure Out A Downpayment For A Real Estate Purchase?

Posted on December 24, 2021 by Mitchel Boehner
One solution to decide on just how much of a downpayment you need to make (if any) would be to compare the monthly mortgage repayment when you deposit different amounts.Your downpayment is founded on:Property priceInterest rateLoan lengthLoan typeThe property price is actually the biggest element in your payment.When you have several loan offers from different mortgage sources it is possible to take a smart guess in what your interest, loan length, and loan type will undoubtedly be...