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 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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