Re: How much would I need to make a down payment on a HOME...
Ideal: 20% or more
Bottom-line: Never less than 10%
Shop for a lender; there are some with little or even no-closing costs.
Avoid interest-only payments, period.
Check your income to house payment ratio. I know people who need 1/2 of their take-home pay just to pay the mortgage; that's just looking for grief IMO.
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