For a $200,000 +/- house…
1) a 50% down payment of $100,000.
2) a 20% down payment of $40,000, then in a couple months write a $60,000 check that goes right to paying down the principal.
I've heard that mortgage companies will charge a higher rate for smaller loans since they won't make as much money and it's not worth their time. This could be fictional but I was just wondering. Thanks
Read more: Which one of these two situations would get me the lower % mortgage rate?
