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When it comes to investing in real estate, it's only natural that buyers have many questions. They often d… More
One way to save money to buy a condo is by finding out how much a down payment would be, and this is based… More
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Summary: One way to save money to buy a condo is by finding out how much a down payment would be, and this is based somewhat on an individual's credit score. Find out why large down payments mean lower interest rates with help from a registered financial consultant in this free video on saving money to buy a condo.
Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more
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"This is Financial Advisor Patrick Munro talking about how to save money to buy a future condominium. Condominiums are a very popular way of entering a world of real estate. There's less maintenance in a condominium than a home and if you want to save to buy a future condominium; the one way to do so is to find out how much of a down payment would be required to participate in the purchase of that project. Based on your credit score and your budget and things to that nature, you can then take that down payment which is normally anywhere from three to five to ten percent down. The larger the amount of down payment by the way, the lower the interest rate will be on your purchase. Then you could set a time track on how much it will take for you, and time rather to take to accumulate that down payment. This is a great way to save for a future condominium and this is Financial Advisor Patrick Munro."
eHow Article: How to Save Money to Buy a Future Condo
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