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Lina is looking to purchase her first home and wishes to have a conventional mortgage as this will allow her to have access to better
Lina is looking to purchase her first home and wishes to have a conventional mortgage as this will allow her to have access to better interest rates. She is looking to make an offer on a home for $300,000. As her budget is tight, she wants to know the minimum amount needed for a down payment for a conventional mortgage
A. 5,000$
B. 45,000$
C. 15,000$
D. 60,000$
E. 25,000$
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