House Down Payment

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How Much Down Payment Is Enough to Buy a Home?

One of the great mysteries for first time home buyers is their down payment amount. For years there has been a prevailing myth that you need to have 20% down in order to purchase a home. It's not true! In fact, the average down payment on a home for a first-time home buyer is around 6% of the purchase price.For buyers who have bought before it moves up to around 12%. Both figures are a far...

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