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Perhaps no single decision in a real estate purchase has more variables than "How much money do I put down?" Conventional wisdom centers around either putting down as much as you can or as little as the lender allows.

If you put down a large payment, you get some leverage with the lender, such as little or no mortgage insurance, a good equity position, and perhaps a preferred mortgage deal. You will also have lower mortgage payments. One potential disadvantage of a large down payment is that you will be using after-tax dollars on which you could be earning interest. You will also have less tax-deductible interest.

When you buy a home with a low down payment, you will have more tax deductible interest, and your investment value percentage will increase faster. You will have little equity at the outset, and your monthly mortgage payments (and perhaps your interest) will be higher. However, you will also keep more of your own money in hand to potentially earn more interest in other investments.

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Kathy Schmidt
Schmidt Realty Group
4736-99th Street
Edmonton, AB T6E 5H5
780.437.2030
Fax: 780.431.1277
Kathy@WeSellEdmonton.com

schmidt realty group has a better way to sell your home Schmidt realty group is a unique brokerage of Edmonton real estate agents working as a team to serve you better. Extended evening and weekend hours cater to your schedule, and make it easier for buyers and agents to make appointments to view your property. Schmidt realty group has the results, the references, and the relationship we would want if we were choosing a REALTOR® ourselves. Plus, we offer a price that sellers love! schmidt realty group will find the right home for you Fairly priced, quality homes do not stay on the market long in Edmonton Alberta! Buyers need rapid response and vigilant representation from their REALTOR® when purchasing a home. Schmidt realty group is a team of real estate agents working together to respond quickly to your needs in Edmonton's hot housing market. Buyers who choose schmidt realty group see new listings faster! schmidt realty group guarantees results Happy buyers and sellers tell us they loved the personalized service they received from their schmidt realty group real estate specialist, and close communication with our team throughout their purchase or sale gave them real peace of mind. We guarantee you'll be happy too! Our entire brokerage and your personal REALTOR® are committed to providing you with a real estate experience that is second to none. With our Easy Exit Agreement you are satisfied ... or free to find a new representation! That's confidence you can trust! Call us today @ 437.2030 schmidt realty group inc excellence in real estate

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