Investing In a Larger Down Payment: High Yields and No Risk
Category: BUSINESS
Consumers looking to purchase a home within the near future face many decisions, including how large a down payment to make. The down payment is the sale price (confirmed by a appraisal) less the loan amount. In most cases, home purchasers must have financial assets at least as large as the down payment they make.
By Jack M. Guttentag, ContributorProfessor of Finance Emeritus at the Wharton School of the Uni..., 2014-07-30