Current Mortgage Rates: Compare today’s rates | NerdWallet
Savings Corner
DECEMBER 25, 2023
Instead, they use a mortgage, which is a loan to buy a home. After making a down payment of anywhere from 3% to 25%, they get a mortgage to cover the remaining costs of purchasing the home. Paying a larger percentage of the home’s price upfront reduces the amount you’re borrowing and makes you seem less risky to lenders.
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