The Myth of 20% Down Payment When Buying Your Home

Buying a home is out of reach. It will take years for me to save 20% for the down payment! Good thing you do not need 20% for a down payment. Let me repeat that: You can buy a home without having 20% to put down. But I heard on the news that you needed 20%… Many news “reports” are no more based in reality than the prediction given for the 7-day forecast. Before we dive into your options, we should ensure clarity on the terminology: READ MORE

Via The Balance

  
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