Skip the 20% Down Payment

Story date: 2007-12-12 08:49:00
Added on: 2007-12-12 23:00:25

Motley Fool - Conventional wisdom holds that it's best to buy a home by paying 20% of its price up front. That spares the buyer the expense of private mortgage insurance (PMI), and provides lower monthly payments to boot. Now that the subprime lending crisis has ...


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