She explains: “Let’s start with the benefit of putting down as much as possible. You lower your monthly payment, freeing up extra cash flow. There’s the potential of paying off your home sooner. And some sellers like to see that a buyer is putting a lot down.”
At the end of the day, it’s up to the investor: “Personal finance is personal, and what works for one person might not work for another,” she said. “But what’s your preference?”
In a previous interview, Charlotte, NC-based Richardson described her penchant for helping clients make the best decisions: “Most people only think about home financing a few times during their lives,” she wrote. “I think about it every single day. It’s your home and your future. It’s my profession and passion.”
She noted how she achieved her work ethic: “I actually started originating right after college,” she told MPA. “I had worked for a financial planner and got bitten by that bug.”
The financial planning world made for an easy segue into the mortgage field after prompting from a real estate broker connection. Entering into the unknown, she had a powerful ally: “Though I didn’t really know what I was getting into, my dad was a real estate attorney, so I definitely grilled him with questions,” she said.