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What Are The Down Payment Requirements to Purchase a Home
How Much Down Payment Do You Need to Buy a HomeAre you saving to buy your first home? One of the most commonly asked questions among potential home buyers is how much do I need for a down payment. When it comes to down payments, there has been a significant amount of false information floating around for years.
So many first-time buyers are under the false impression that a twenty percent down payment is necessary. Needing this kind of down payment is completely false. The resource at Maximum Real Estate Exposure does a solid job of explaining what you need to know about down payments.
Finding the down payment to purchase a home can often be difficult, particularly when some people may suggest you need twenty percent. There are first-time buyer mortgage options that allow you a smaller amount as a down payment. What many people are shocked to hear is that it's possible to buy a home with zero money down.
Where to Find the Money?Finding more money for the down payment is going to be better for homebuyers in the longer term. It will lead to lower interest rates, but it can be challenging to secure. If you don't already have the ... more
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