Wednesday, December 19, 2007
Skip the 20% Down Payment
This article says that savings for a down payment could prevent you from doing other things that could be better for you financially. It is a good article, but keep in mind that instance gratification is most peoples largest financial problem. This article is not telling you to buy a home without a down payment. It is telling you to consider some of the other things you can be doing with your money. (Skip the 20% Down Payment)
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2 comments:
Completely agree. I used to be a mortgage lender (I got out before it went bust)... and when you plan it right people are more secure and come out ahead when they don't put that 20% into their home... but into another investment. Great article.
Hey, I have a couple websites on financial related topics and would love to trade links with you. Both sites have good PR... so your blog will benefit greatly.
Let me know what you think!
- Trevor
email: trevor[at]thereibrain[dot]com
completely agree with your views....good..:)
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