Libertas Primordium on Nostr: A 20% down payment on a house means that the value of the house can fall by almost ...
A 20% down payment on a house means that the value of the house can fall by almost 20% before the homeowner is underwater on their mortgage. It protects both the buyer and the bank. By not requiring a down payment, the bank is gambling that the value of the home will continue to rise.
Published at
2024-11-04 14:24:05Event JSON
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