How Much Should You Put Down on Your First House?

How Much Should You Put Down on Your First House?
Take Your Finances to the Next Level ➡️ Subscribe now: ruclips.net/user/MoneyGuySho...
Download FREE Financial Resources from the show ➡️ www.moneyguy.com/resources/
Sign up for the Financial Order of Operations course ➡️ learn.moneyguy.com/
Download The Money Guy Net Worth Tool ➡️ learn.moneyguy.com/
Our professional focus is on financial planning and investment management, and we leverage our knowledge for your benefit. We help you focus on the things you can control and manage the things you can’t. Visit our site for more info ➡️ www.moneyguy.com/work-with-us/
Facebook: / themoneyguyshow
Instagram: / moneyguyshow
Twitter: / moneyguyshow
TikTok: / moneyguyshow
Let’s make sure you’re on the path to financial success - then help you stay there!
The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW!
We can’t wait to see you accomplish your goals and reach financial freedom! New shows every week on RUclips and your favorite podcast app. Thanks for coming along on the journey with us.

[@colinmorrison5913]

Can we have a financial mutant show special for us 20 year olds? Give us the numbers for being in the top 5%, 1% of people.

[@arga400]

I think a good question would be
For service members that can get a VA loan with 0% down(and no Mortgage Insurance): should they do it?

[@odinlarsen_]

In my country you need a minmun of 15% as downpayment:/

[@anthonygumbs]

Hi guys,
I’m considering buying a house cash in The Netherlands. I love the idea of my house fully paid off and to have a secure place for my two kids and wife.
I’m an athlete who’s turning 30 this month so a job security is also starting to play its role. So the idea of paying off my house for 30 years not knowing exactly what I will make in the future is a bit scary.
There’s already a mild decline in house prices so I’m waiting for the right moment to do it.
I also dollar cost average into the S&P 500 and a worldwide ETF (€500 p/m).
What are your thoughts on this?

[@plebinil]

good luck

[@mrmacmiggles]

The answer for me is a more than 40% if you want an affordable mortgage in a safe part of town.

[@ohmy...9007]

Can you get a comfortable mortgage with about 5% down? If no, then you're probably buying too much house (especially if it's ur first time). If yes, then be savy. Put the rest into real estate or other investments that can get you 10%+ returns. If u care more about avoiding debt and building wealth isn't a top priority then go ahead and put down 20% if u can. No shame in that.

[@ds5651]

5 percent. Own own own. Live in it for 5-10 years.

[@amireallythatgrumpy6508]

Live in it for longer than that.

[@youtubecarspottersguide1]

stay away from high end luxury cars

[@abcdLeeXY]

If you can’t pay the mortgage comfortably with 5% down then you’re buying too much house. I would always pay the minimum down payment for anything.

[@edhcb9359]

So as Dave Ramsey likes to say, “you love playing kissy face with the bank”. 😘

[@Babugee9]

Minimum down and paying the most in interest 🤔

[@IrisP989]

Exactly. It doesn’t make sense. If you can put 20% down and have a lower monthly payment, then that’s the best thing to do.

[@IrisP989]

But why would I do that if I can comfortably put 20% down, avoid PMI and pay the mortgage without any problem?

[@abrahams.lincoln6749]

First 👍