because even transfering money between banks in one city may be delay without any reason, after you sign the offer and put the deposit,before closing day you can not pay out the rest,you will lose the doposit and credit in Ca.And even you have no job,you still can only pay 25% for downpayment,
and get loan
from some finacial group,that is legal and sometime you get a much better deal than from Bank.Because there is a business protect agreement between financial group and bank,so sometime the lender is still bank,but you can not get that deal by yourself.25% is better downpayment,because you no need buy insurence for lender if you just pay less than 25%.For sure if you are rich enough,pay more is better.But for rainy days in our living in the future,it's always better you have plenty of cash to handle .
mary_yihan@yahoo.com