As a general rule, it's wise to aim to make a 20% down payment when you buy a home, as doing so helps you avoid private mortgage insurance, a costly premium that makes owning your home more expensive. Furthermore, some mortgage lenders may require a 20% down payment on a home at closing, even though other lenders might accept less. Of course, saving up for a home is easier said than done, but here are some tips for rounding up that cash.
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