Dashboard Forums 3. Find 4 loan officers appropriate for your situation Two loan officers have different advice for how much to put down

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  • Dan Lass
    Post count: 3

    One of the loan officers I spoke to suggested putting way more money down and the other one did not. What’s the best way to weigh this advice?

    Post count: 30

    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.

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