A prevalent misunderstanding among potential buyers is the notion that a 20% down payment is obligatory. Although a 20% down payment does offer benefits, such as sidestepping private mortgage insurance (PMI) and obtaining more favorable loan conditions, it's not the sole route to owning a home. Numerous lenders provide diverse loan programs that necessitate considerably lower down payments, thereby widening the spectrum of individuals who can achieve homeownership. Read more from the blog: https://premiumbusinessnews.co....m/the-down-payment-d
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