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Jul 30 2011

20% Down Payments for Homes Is (Hopefully) Making a Comeback

ShareTweet For many years leading up to the real estate bubble, it was almost unheard of to purchase a home without at least a 20% down payment. This was the bank’s way of making sure you had adequate skin in the game and started off with enough equity that, if you ran into payment problems, […]

Written by Justin Weinger · Categorized: Economy, Home Ownership, Investing, Keeping Up With The Jones, Mortgage Default · Tagged: Dodd–Frank Wall Street Reform and Consumer Protection Act, down payment standards, down payments and default, Mortgage loan, requiring 20% down payment, requiring higher down payments, return to 20% down payment

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