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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