How Much Money Do I Need to Put Down on a Mortgage?

How Much Money Do I Need to Put Down on a Mortgage?
·13 min read

When you buy a home, one of the biggest up-front expenses is the down payment. Not to be confused with closing costs, the down payment is the portion of the purchase price that you pay upfront at closing. The amount you designate as a down payment helps a lender determine how much money to lend you and which type of mortgage is best for your needs.

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