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Many people often pay cash or invest 20% down payment equity, or more, in their home. The reasons for doing so range from...
"The bank required us to."
"That's what we've always done."
"We wanted a lower payment."
"We thought it was better for us to just pay cash for it."
The problem is: these reasons can cost you thousands of dollars!
What's best for you, is the amount of down payment or equity that will end up keeping the most money in your pocket.
It might be 5% down. Or 30% down. Or whatever.
Would It Be Better For You To
Invest the Money in Your Home...
Or Somewhere Else?
The right answer is always going to be different for each person or family.
Again, a simple financial calculation SHOULD be done to tell you what would create or save the most money for you.
What's most important is to NOT make the most common mistake we see so many people make.
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