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My realtor said my 20% down payment was a 'nice round number' but not always the best move
She showed me the math on a 15% down payment for our $325k target, letting us keep cash for immediate repairs. Anyone else get similar advice when buying in a competitive market?
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piper_flores6918d ago
That advice is pretty common now. It feels like the old rules about round numbers and perfect percentages are getting replaced by a focus on cash flow. Keeping money for the inevitable surprises after closing often beats a slightly lower monthly payment.
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piper_flores6918d ago
But is a bigger emergency fund really worth a higher monthly bill forever?
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