grtdanemom12 grtdanemom12

24-01-2020
Social Studies

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Advantages and disadvantages of putting a large down payment on a home

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coffeebeams coffeebeams

25-01-2020

Advantages:

-Reduces loan balance, mortgage rate and mortgage insurance
-Makes your monthly payments less of a burden
-Lets you utilize funds for other goals

Disadvantages:

-Takes more time to enter market
-Dealing with unexpected expenses
-Takes away money for other goals
-Benefits you get are long-term rather than short-term

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