25% down for a conventional mortgage

[Michael McManus]

I met with a lender today and they said they suggest we put down 25% down instead of 20% because at 20 the cost is much higher. " you’ll want to put 25% down if you can. You can be approved for financing with only 20% down (pending the style of property), but there is quite a significant increase in pricing between lending 75% and 80% of the value" Is this typical?

[Alex Deacon]

@Michael McManus thats not true. Check with other lenders. That may just be that particulars banks policy. 20% or 25% is the typically investor down payment. The terms and interest rates will differ with each lender. Shop around.