eHow launches Android app: Get the best of eHow on the go.
3 Types of Mortgages
Best Mortgage Amount for You
How to Qualify for Mortgage Loan
Mortgage Down Payment Amounts
How to Choose Mortgage Interest Rate
Types of Mortgage Lenders
Documents to Close Mortgage Loan
What Is an Escrow Account?
Home Mortgage Loan Documentation
How to Make Offer on House
How Mortgage Loan Is Processed
Appraisal for Mortgage Appication
Negotiating Mortgage Closing Costs
Keys to Successful Closing for Mortgage
Tips for Mortgage Loan Process
Mortgages are special loans given out to pay for real estate property. Mortgages are obtained from financi… More
Free mortgage advice. Hear from the source what you need to know about mortgages in this free video on ins… More
Getting a home mortgage and how to understand different loans in this free video on real estate and bank l… More
There are several components that go into a mortgage payment. Missing something can often lead to an unple… More
Many people who are shopping for an affordable mortgage choose to go with an adjustable-rate mortgage. The… More
When most people purchase their homes, they never envision having trouble keeping up with their mortgage p… More
Mortgage refinancing is an excellent financial tool for reducing mortgage payments in certain circumstance… More
If you're exploring options to prevent a foreclosure on your home, consider refinancing it. While it's not… More
Mortgage payments are expensive, and they can put a serious dent in your finances. Unfortunately, it takes… More
Mortgage brokers give you more financing options than mortgage bankers. Learn the differences between mort… More
Most home loans require a three percent down payment. Learn how to obtain a mortgage in this free personal… More
Closing a home mortgage can be tricky. Learn these tips in this free video on real estate and bank loans.… More
A mortgage refinance creates a new home loan. This is ideal for anyone who wants to change the terms of th… More
For some senior citizens, especially those on fixed incomes, the cost of living is beyond their ability to… More
Summary: Most home loans require a three percent down payment. Learn how to obtain a mortgage in this free personal finance video from a loan officer and mortgage closing specialist.
Sherry Berrier worked for major banks such as Bank of America for seven years as a loan officer specializing in mortgages. She has since opened her own mortgage business, Eastern...read more
How to Shave Armpits
How to Shave the Back & Shoulders
How to Shave the Chest
How to Shave the Groin Area
How to Shave Your Head
How to Prepare the Face for Shaving
How to Shave Your Face
How to Shave Tricky Areas on the Face
How to Shave a Chinstrap
How to Shave a Goatee
How to Maintain Sideburns
How to Shave a Soul Patch
How to Trim & Shape Facial Hair
How to Maintain a Razor
"Average loans and lenders require that homeowners put at least 3% down towards the purchase of their home. There are some mortgage programs that fund at 100% that don't require any down payment, but these typically have a higher interest rate, and you have to meet certain eligibility requirements. Placing a down payment of 20% or more can be hugely beneficial. It can lower your monthly mortgage payment as much as $100 a month because you're going to avoid what's called "Private Mortgage Insurance". Private mortgage insurance is insurance that lenders require if homeowners haven't made any investment towards the purchase of their home. It's basically there for the protection of the lender and the borrower. There are some exceptions to the private mortgage insurance policy. Many government backed loans will waive this requirement, it's best just to check with your lender to see what offers they have. "
eHow Article: Mortgage Down Payment Amounts
Meet Mark P Cussen, CFP, CMFC eHow's Personal Finance Expert.
Copyright © 1999-2009 eHow, Inc. Use of this web site constitutes acceptance of the eHow Terms of Use and Privacy Policy. en-US Portions of this page are modifications based on work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License.
Comments
lightray15 said
on 4/17/2009 Powerhouse Solutions does FHA loans with 3.5% downpayment and required a minimum 620 credit score. We have a 100% success rate. We are now offering a tax credit for $8,000.Call Sandy at 845-639-0407 845-596-2846
lightray15 said
on 4/17/2009 Powerhouse Solutions does FHA loans with 3.5% downpayment and required a minimum 620 credit score. We have a 100% success rate. We are now offering a tax credit for $8,000.Call Sandy at 845-639-0407845-596-2846