In the housing market, those who choose to pursue the dream of owning a home face several important decisions, such as how much to put toward a down payment.
Twenty percent down is typically recommended by most lenders. While 20% is not a requirement, paying less can have a big impact on the amount paid monthly.
Homebuyers should know that when they’re seeking a conventional loan with less than 20% down of the sales price or appraised value of the home, lenders will often require private mortga...
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