Follow the 20% Rule When Saving for a Down Payment on a Home [Personal Finance]

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If you've ever purchased a home, you know how important it is to save a sizable down payment to get the best possible mortgage loan from your bank or credit union of choice, and to look as attractive as possible to the seller. According to real estate expert Michael Corbett, a 20% down payment is the best possible balance between effort needed to save it up and bang for your down-payment buck. Here's why. More »


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