Spotlight: How much should you put down on a new home?

Region home sales data show strong markets in Lake Wylie and Fort Mill Lake Wylie had the highest home prices in York and Lancaster counties, and the biggest increase from 2015. The Fort Mill market had the biggest uptick in pending sales and new listings.

Before you figure out how much to put down on a house, you need to know the basics about what a down payment is and how it factors into your home purchase. The down payment question may sound like.

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Rendall started Prairie View Homes Inc. three years ago after putting down. ” The way we've built houses over the years really hasn't changed that much,”. ” However, I'm always interested in new technology and better ways to do things.

Whether your lender will require you to pay for private mortgage insurance (pmi). typically, you’ll need PMI if you put down less than 20% of the home’s purchase price. Your interest rate. Because your down payment represents your investment in the home, your lender will often offer you a lower rate if you can make a higher down payment.

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