1) It will make you feel almost free,and soon after you can pay it off and feel completely free 2)You aren't in debt as long, which means you can save for retirement in good mutual funds longer
1. You will have a smaller mortgage, and be able to pay it off sooner. 2. Since it is a smaller mortgage, it will be a smaller monthly payment. This will free up more money to use/invest/save/give during the months ahead.
Putting a good down payment on a house will tell the people you are getting a mortgage from that you have lots of money and will pay off the debt. This also greatly decreases the amount of money that you will have to borrow and the amount of interest that you will have to pay. adam
Smaller mortgage, less money lost in interest. less time in debt, less stress and that satisfied feeling of having it payed off will come that much sooner.
Being in debt for a shorter period of time and less stress in the long run.
ReplyDelete1) It will make you feel almost free,and soon after you can pay it off and feel completely free
ReplyDelete2)You aren't in debt as long, which means you can save for retirement in good mutual funds longer
1. You will have a smaller mortgage, and be able to pay it off sooner.
ReplyDelete2. Since it is a smaller mortgage, it will be a smaller monthly payment. This will free up more money to use/invest/save/give during the months ahead.
having a good size down payment will result in lower payments and a shorter amount of time on the loan
ReplyDeletetravis
Putting a good down payment on a house will tell the people you are getting a mortgage from that you have lots of money and will pay off the debt. This also greatly decreases the amount of money that you will have to borrow and the amount of interest that you will have to pay.
ReplyDeleteadam
The mortgage will go down, and then you can pay off the mortgage much faster.
ReplyDeleteThe larger the down payment, the smaller the mortgage, which means less to pay and less time with debt.
ReplyDeleteYou won't have as much debt because your mortgage will be smaller.
ReplyDeleteYour mortgage will be smaller, meaning you will be out of debt much sooner than if you had put down a smaller down payment.
ReplyDeleteAutumn
You won't be in debt as long and you'll have a much smaller mortgage.
ReplyDeleteeyezik
Smaller mortgage, less money lost in interest. less time in debt, less stress and that satisfied feeling of having it payed off will come that much sooner.
ReplyDelete1. Smaller mortgage
ReplyDelete2. Wont be in debt as long