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Idea from Beth Casey
How to Buy a House with No Down Payment
There's a good reason that a 20% down payment is important, such as avoiding paying for mortgage insurance on top of a monthly mortgage payment. Sometimes, like with an FHA loan, you might lower the down payment to 3.5%, but that can still leave you with a chunk to save in today's higher home market. However, there are other ways around the down payment conundrum that still allow you to slide into a home of your own.
KeywordsBuying a homeno down payment