• How Much Should You Put Toward a Down Payment?

    6 monthes ago - By RIS Media

    Buying a first home is overwhelming, and the down payment can be the most intimidating part. Figuring out exactly how much you'll need in order to enter the market will help you set a goal to save for, and understand exactly how much you'll need before you can even start looking.
    What is it?
    A down payment is the minimum amount of money you are required to put down on your home. Since homes are too expensive for most people to purchase outright, the bank is willing to lend out the money so people can become homeowners-this is what a mortgage is. Before they will give it to you though, you...
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