When Buying a Home, Does the Size of the Down Payment Matter?

If you’re thinking about checking out new homes for sale and making your first ever purchase, you might want to pump the brakes a little bit. Before you make any big financial decisions, you’re going to need to have enough money in the bank for the down payment, monthly mortgage payments, closing costs, and all of the other necessities that come with buying a house. This is especially true when purchasing a home for the first time, as the size of your down payment will affect your negotiating position, your mortgage rates, and your financial future.

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