Bricktionary

… you put less than 20 percent of the purchase price down and it is what allows you to have a down payment under … says  Many New York City coop and condo buildings ask buyers to put down at least 20 to 25 percent of the purchase … exceeding these requirements PMI payments wont be necessary However in some cases you might only be required to put 10 …

… When you use financing to buy a house or apartment your monthly mortgage payments … of borrowing is to buy mortgage pointsalso known as buying down the rate prepaid interest or discount points The goal … pay upfront to lower the rate for the life of loan he says How the math works One point costs 1 percent of your …