If you’re purchasing a home your down payment is key to keeping your mortgage payment can determine how much you pay for that home.

Putting the most down possible is key to keeping your mortgage payments low.

Ideally you should put 20% of your home’s purchase price down. This will help you avoid private mortgage insurance which can add thousands of dollars to the ultimate cost of the home. A larger down payment will also help you lower your mortgage monthly payments.

Talk with one of our local professionals right here in town for more ways to put a large downpayment down when purchasing your home.

While we work, you play. First Security Bank understands your life’s balance as a Montanan. As your personal assistant to financial success, we are always with you. Enjoy banking freedom with First Security by keeping your money in your wallet and off your mind. More information: https://www.ourbank.com/