4 ms·
Do you mean 5X? I believe 20% down is more common. If you do only put down 5% you'll also have PMI on top of interest. That said, your point stands that it's e
by dsizzle 5y ago
Do you mean 5X? I believe 20% down is more common. If you do only put down 5% you'll also have PMI on top of interest.
That said, your point stands that it's easy to get low interest leverage.
Another related point that I think is implicit in your comment is that you win even if home values only keep up with inflation (what you'd expect with a healthy home supply).
- kindle-dev 5y agoI believe the average down payment on a house for first time buyers is around 5% these days (in the US): https://www.bankrate.com/mortgages/how-much-is-a-down-payment-on-a-house/ https://www.bankrate.com/mortgages/how-much-is-a-down-paymen...
- dsizzle 5y agoLooks like the answer is in the middle of our guesses: your link says the median down payment is 12% for all buyers.