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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 941-286-6286.
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I add my newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS.
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Request my Free Punta Gorda, Port Charlotte and Charlotte County Relocation Package. It's packed full of useful and important information about the Punta Gorda, Port Charlotte and Charlotte County, Florida area. Don't move here without it! Remember: I'll send it to you for free and without obligation. There's so much to do in Punta Gorda, Port Charlotte and Charlotte County! Let me send you my FREE relocation package about this great area. There's NO obligation, and I promise to respond quickly... 
First Time Buyers >The Down Payment
Perhaps no single decision in a real estate purchase has more variables than "How much money do I put down?" Conventional wisdom centers around either putting down as much as you can or as little as the lender allows.
If you put down a large payment, you get some leverage with the lender, such as little or no mortgage insurance, a good equity position, and perhaps a preferred mortgage deal. You will also have lower mortgage payments. One potential disadvantage of a large down payment is that you will be using after-tax dollars on which you could be earning interest. You will also have less tax-deductible interest.
When you buy a home with a low down payment, you will have more tax deductible interest, and your investment value percentage will increase faster. You will have little equity at the outset, and your monthly mortgage payments (and perhaps your interest) will be higher. However, you will also keep more of your own money in hand to potentially earn more interest in other investments.
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| Q |
What took over 30,000 workmen to construct and is considered the second largest palace in the world?
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| A |
The Palace of Versailles, 14 miles southwest of Paris and completed in 1682, is famous for its size and its beauty.
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