|
All agents are NOT alike! Find out why Lynn is a top real estate expert. Call her: 973-715-0663.
|
Sign Up For Our eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >
|
"Congratulations on a job well done."
"You truly went above and beyond the call of duty in marketing and selling the subject property. "
Very truly yours,David A. Todd
Read Quote >
View All Quotes >
|
 Compare
three mortgages at one time. Download TripleCalc now. It's
free. |
Lynn Skuraton
is one of The Top Selling Real Estate Experts™
Find Out More > |
|
|
|
For Home Sellers:
Why Sellers Choose Lynn Skuraton - Why home sellers in Millburn, Short Hills and Livingston choose Lynn Skuraton. Free Presentation - Free in-home listings presentation on marketing your Millburn, Short Hills and Livingston, in Essex County New Jersey property. Property Valuation - How much is your Millburn, Short Hills and Livingston home worth? What Did That Home Sell For? - What did that Millburn, Short Hills and Livingston, New Jersey property or other real estate sell for? FSBO - Selling your Millburn, Short Hills and Livingston real estate on your own? Go to Main Sitemap - Main sitemap sections include Find Millburn, Short Hills and Livingston Homes, For Home Buyers, For Home Sellers, Millburn, Short Hills and Livingston Information, Real Estate Resources, and About Lynn Skuraton.
Please Sign Up For The Latest Listings and the Latest Real Estate News
 |
First Time Buyers >The Down Payment
Perhaps no single decision in a real estate purchase has more variables than "How much money do I put down?" Conventional wisdom centers around either putting down as much as you can or as little as the lender allows.
If you put down a large payment, you get some leverage with the lender, such as little or no mortgage insurance, a good equity position, and perhaps a preferred mortgage deal. You will also have lower mortgage payments. One potential disadvantage of a large down payment is that you will be using after-tax dollars on which you could be earning interest. You will also have less tax-deductible interest.
When you buy a home with a low down payment, you will have more tax deductible interest, and your investment value percentage will increase faster. You will have little equity at the outset, and your monthly mortgage payments (and perhaps your interest) will be higher. However, you will also keep more of your own money in hand to potentially earn more interest in other investments.
|
|
| Q |
What home is the best example of colonial architecture in homes designed to "grow" as the family grew?
|
| A |
The House of the Seven Gables in Salem, MA, that was the model for Nathaniel Hawthorne's novel of the same name. |
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
