2006-06-08 05:19:35 · 4 answers · asked by crossfire04 1 in Home & Garden ➔ Other - Home & Garden
I think on average people ususally put 10%, although lately the 5% downpayments are getting popular. Nowadays you can put 0% if you have good credit.
2006-06-08 05:23:02 · answer #1 · answered by ontario ashley 4 · 1⤊ 0⤋
It used to be that most mortgages were 80%. Higher than that usually required PMI (Private Mortgage Insurance). These days, as house prices are much higher (at least around here) 90% and even 100% financing is becoming common. PMI can be avoided by getting an 80% first mortgage and a 20% second or home equity loan, saving quite a bit each month on PMI premiums.
2006-06-10 13:04:38 · answer #2 · answered by dderat 4 · 0⤊ 0⤋
i paid 0 down all i pd were the closing costs
2006-06-15 11:39:45 · answer #3 · answered by ketchersmom 2 · 0⤊ 0⤋
depends on the type of mortgage you apply for
2006-06-08 12:36:52 · answer #4 · answered by lizzy 2 · 0⤊ 0⤋