How Much Down Payment 💰Do You Need to Buy a House 🏠 in L.A. or Beverly Hills, CA?
By Christophe Choo Posted Apr 27, 2023 Beverly Hills, client recommendations, Featured, Latest Updates, Videos
How Much Down Payment 💰Do You Need to Buy a House 🏠 in L.A. or Beverly Hills, CA? | Christophe Choo at Coldwell Banker Global Luxury is Your Local Real Estate Expert
The answer varies based on different factors, such as your credit score, debt ratios, and assets. However, 20% is the standard down payment recommended by many experts, including myself, for a reason. It helps you avoid extra fees and ensure you can afford your mortgage payments. Still, talk to your lender to find the best option for your situation. Remember, buying a home 🏠 is a big decision, so take your time 🕑 and consider your financial goals carefully.