amber-cyman-real-estate

Is $10000 Enough For A Downpayment On A House? Just to be clear, this is not about buying a house for $10,000, this is about buying a house with $10,000. Two different things. For starters, you will need to have $10,000, which you will use for your down payment and to cover the cost of your home inspection, the appraisal and a year’s worth of homeowner’s insurance. All of those other closing costs, escrows and everything else will get paid, but not by you. Conventional mortgages, like the traditional 30-year fixed rate mortgage, usually require at least a 5% down payment. If you're buying a home for $200,000, in this case, you'll need $10,000 to secure a home loan. Call Amber Cyman now to discuss buying a new home. Amber Cyman Real Estate 511 E Front St Suite 102 Traverse City, MI 49686 231-944-9979 https://ambercyman.com https://www.google.com/maps?cid=6707706476642726282

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