How Much of a Down Payment Do I Need for a Mortgage? A 20% down payment is typically required for a mortgage. It also allows you to skip the expense of private mortgage insurance (PMI). Putting down more would reduce the monthly mortgage payment.7 ...
A low or negative net worth is discouraging, but don’t hide from it. Learn how to calculate net worth so you can take steps to improve it. Plus, you need to keep an eye on your asset allocation, and periodically rebalance your assets to reflect your goals. For example, you may want...