How Much Do I Need For a Down Payment On a House?

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Playing Million Dollar Listing's Ryan Serhant On How Much You Need For a Down Payment On a Home
Million Dollar Listing's Ryan Serhant On How Much You Need For a Down Payment On a Home Aired January 29, 2019

How much should you put down for a down payment on a home? It's a question every home-owning hopeful has, right?

Luckily, Bravo's "Million Dollar Listing" star and author of Sell it Like Serhant, Ryan Serhant, has the answer!

Q: "I want to buy a home. I've been saving a lot of money and I just want to know how much do I have to put down? What does my deposit have to look like?"

— Ezekiel, studio audience member

A: "You want to put down as much as you possibly can, because the lower your debt is going to be, the lower your mortgage payments are going to be [and] the more comfortable you're going to feel, because you live in your monthly payments."

So what's the comfortable amount Ryan always tells clients? 25%.

"If you could put down at least 25 percent, you will comfortable and least stressed. Minimum, minimum, minimum is 20," Ryan says.

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