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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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About Teri Maxwell - Information about Teri Maxwell of Memphis, Atoka and Tipton County, Tennessee Testimonials - Read what Teri Maxwell clients are saying about the real estate marketing and services provided. Quick Response Guarantee - A quick response to your email request for more Tennessee home buying & property selling information is guaranteed by Teri Maxwell. Privacy Guarantee - This Memphis, Atoka and Tipton County real estate web site will respect your privacy, guaranteed by Teri Maxwell. No Obligation Guarantee - Teri Maxwell real estate help by email is free & without obligation for Memphis, Atoka and Tipton County home owners in Tennessee. For Real Estate Agents - Let Teri Maxwell help you with your professional real estate broker and agent needs in the Memphis, Atoka and Tipton County area. About NUMBER1EXPERTS™ - NUMBER1EXPERTS™ are top real estate professionals, find out more. Contact Information - How to contact Teri Maxwell. Go to Main Sitemap - Main sitemap sections include Find Memphis, Atoka and Tipton County Homes, For Home Buyers, For Home Sellers, Memphis, Atoka and Tipton County Information, Real Estate Resources, and About Teri Maxwell. 
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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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Teri Maxwell
RE/MAX at Mallard Creek
8950 Highway 64, #104
Lakeland, TN 38002
Direct: 901-634-7201
Office: 901-507-5900
Fax: 901-507-5901
terimaxwell@NUMBER1EXPERT.com
I am committed to providing you with the service you deserve, whether you are selling your home or looking to buy a new house. A real estate expert in the Memphis, TN area- serving Bartlett, Lakeland, Germantown, Cordova, Faytte and Tipton County, I am ready to work with you! 
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