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Old 01-31-2007, 12:56 PM
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Default 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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