How Much Should I Put Down On My Home Loan?

Homebuyers always have a particular question running through their mind, and that is “How much should I put down on my loan?” Homeowners, usually consider between putting either small down payments or large down payment. It has to be said; both come with their merits and demerits. Take, for example; the small down payments will attract a bigger mortgage loan and payment, while a large down payment significantly reduce the mortgage loan and subsequently can result in smaller payments. Also, with a lower down payment, you can invest any extra cash you have saved up on some other profitable ventures, although a large down payment will mean you can pay off your mortgage much q