Why Is It Necessary To Make Down Payments While Purchasing House?

The loan to value ratio while buying a house is usually based on the loan amount which is left after paying the down payment. As everyone knows, a financial crisis can creep up on you at any given time and without any type of warning. Not everyone is prepared for unexpected expenses such as car […]

Why Is It Necessary To Make Down Payments While Purchasing House?

It helps in reducing the amount being financed which in turn means that the person stands to gain the loan at beneficial interest rates. However it differs from the earnest money which can be described as the amount of money which is put forward in a home offer. Earnest money is often seen as a […]