2 May 2012
2 May 2012
Today’s paradox: smaller downpayment might bring you better mortgage rate
| Although it sounds strange, today a smaller mortgage down payment may help you get a lower interest rate. The reason is the government subsidy called mortgage default insurance, as it makes it less risky for the banks to provide mortgages for borrowers with only 5% down payment than for those who can afford 20%… Read more |