Down Payments Demystified
Every hopeful homebuyer wants to know how much they should save for a down payment.
How much you must save for a down payment depends on the requirements of your mortgage. It's a share of the home price that you must pay first, then the mortgage covers the balance. Your average lender offers home loans for 10% or 20% down; some offer as little as 5%; VA loans are extraordinary in that they can require 0% down.
That's how much you...
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