If you can afford to make a bigger down payment on a home, should you?
Not automatically.
Putting more money down can reduce your mortgage balance and monthly payment. But buyers also need to think about closing costs, cash reserves, repairs, improvements and what they'll have left after buying the home.
My newest Buyer & Seller Strategy explains why the best question isn't simply, “What's the most I can put down?”—and what Michigan buyers should evaluate instead.
Click “Learn More” to read the full guide.
