Google Finance

If you are buying a new home, finding the best mortgage options is crucial. Mortgage loans require that you put a down payment on your home. This can range from 5%-20% or higher, depending on the type of loan you desire. A 15-year mortgage loan may require a larger down payment than a 30-year mortgage loan. You should be sure you have sufficient savings and a large enough income to cover the down payment of your home loan otherwise you may have to change your mortgage options.