Re:The Median Down Payment for a House, by U.S. State
by mh- on Wednesday March 13, 2024 @11:10PM
(#39700236)
It's definitely written by someone who doesn't understand how mortgages work in the US. That "someone" could certainly be an LLM.
> However looking at the percentage of the total value put down as a down payment in those states (10%) indicates homebuyers there tend to have longer repayment plans.
edit: or being more charitable, I'm completely misinterpreting this passage? Down payments don't change the length of a mortgage.
> However looking at the percentage of the total value put down as a down payment in those states (10%) indicates homebuyers there tend to have longer repayment plans.
edit: or being more charitable, I'm completely misinterpreting this passage? Down payments don't change the length of a mortgage.