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How Much Do You Need for a Down Payment?

house down payment

Saving money is essential to preparing for a home purchase, even if you intend to take out a mortgage. There are various fees involved in that purchase, and we cannot forget about the down payment.

So, how much do you need to set aside for the down payment on your mortgage? The answer to that question is contingent on several factors. Let’s take this opportunity to dive into those different factors so you can make a more informed decision regarding your home purchase.

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