Should I make a down payment or save the money for paying for stuff for the house?
December 29, 2008 on 7:10 pm | By admin | In BusinessI am going to be buying a house, and one of the options for the home mortgage London banks are offering me is for 100% financing. The interest rate is a little bit higher than if I made the small down payment I can afford, but I am wondering if it might make more sense for me to take this option over the others since I know there will be a lot of expenses with the new house, and the 10% down payment I could afford would pretty much wipe out all my savings. I don’t like the idea of not having any cash for emergencies.