Archive for December 20th, 2009

What are the monthly expenses that would be added to my monthly mortgage?

Sunday, December 20th, 2009
gaikhur asked:


1)I am planning to buy a new home for the first time . What expenses(payment) would be added to my home mortgage like home insurance, mortgage insurance etc?
2)How can I lower my monthly mortgage? Some of my friends told that I have to pay at least 20% down payment rather than paying those amount after one year or so to lower monthly mortgage .
Thanking in advance.

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