Wednesday, June 8, 2011

What affect does a larger down payment have on mortgage payments?

I’m in the first steps of buying a condo, and I’m a bit confused as to what a larger/smaller down payment actually does to the mortgage payment. In all of the mortgage payment calculators I’ve gone to online, increasing or decreasing the down payment has no effect on the monthly payment and only decreases the [...] http://bit.ly/jgMdbw

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