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Equity

Montrose Colorado Home Buying Equity Loan Down Payment

Pros and Cons of a Big Down Payment

When buying property, you can often choose between a large or small down payment. That upfront payment becomes your equity in the property, but how much should you put down? Some loan programs allow you to pay as little as 3.5% (or even less), which may be tempting to buyers who prefer to keep their cash handy. Before you make a choice, evaluate the pros and cons of skimping on the down...

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