By: Luc Bouillon

Prepare for your down payment wisely

Tags: Prepare for your down payment wisely

Whether you're a first-time home buyer, or plan to use the equity from your current home for the down payment for a new home, ensure you have access to the funds you will need for a down payment when you're ready to purchase a home, and apply for a mortgage. The larger your down payment, the more you can save in interest over the life of your mortgage.