Dashboard › Forums › 3. Find 4 loan officers appropriate for your situation › Two loan officers have different advice for how much to put down › Reply To: Two loan officers have different advice for how much to put down
Hi Dan, Since lenders have different lending preferences and criteria it could be that one of the lenders can qualify you, or offer you a better rate, with more money down. I think the best way to weigh this advice is to think about your own personal finances in light of the offers that you have. It can be a very personal decision – how big a downpayment you can afford, vs. the trade offs for a better deal. I would strongly recommend that you add one or two other lenders to the mix. Who knows? Maybe you’ll find the sweet spot that’s right for you of downpayment + offer and the decision will become more clear with more information.