Traditionally, people put 20% of the purchase price as a down payment when buying a home. You would pay this 20% upfront as a "cash" down payment through a cashiers check or by wiring money to the seller, and get a mortgage to pay them the remaining 80% of the price of the house.
However, as a borrower, you have many more choices including some that provide you greater financial flexibility with greater risk, or more stability at higher cost.
Continue Reading: How Much Should You Allocate as a Down Payment >>
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