4 ms·
In USA this isn't true. We bought a house using an FHA loan and put down less than 5% and our interest rate was lower than 3% if I remember correctly. Maybe not
by beardedetim 4y ago
In USA this isn't true. We bought a house using an FHA loan and put down less than 5% and our interest rate was lower than 3% if I remember correctly. Maybe not as reasonable as you are imagining but it was really low in our mind.
- edf13 4y agoOver here in Europe larger deposits are in and getting larger.
- graftak 4y agoNot in the Netherlands, just recently the mortgage-to-value ratio went from 102% to 100%, the additional 2% could be used for notary and tax costs. When my parents bought their first house in the 90s you were able to loan ~120% of your home value so you could finance a new kitchen or even a car.
- bluedays 4y agoSame