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Saving Money for a Mortgage Down Payment

Saving Money for a Mortgage Down Payment 1

During the housing boom, mortgage lenders eased down payment requirements to get more people into homes. The down payment was literally nothing in some cases. In fact, the availability of 110% mortgages — loans for 10% more than the value of a home — amounted to a negative down payment. As any prospective home buyer … Read moreSaving Money for a Mortgage Down Payment