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Does it still make sense to put down 20% when buying a home?


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Does it still make sense to put down 20% when buying a home?
By Erica Lamberg
iStock
(CNN)  
Many people believe that before buying a home, they’ll need to have 20% of the purchase price ready in cash to use as a down payment. That can make the possibility of home ownership seem overwhelming, as even buying a small property priced at $80,000 means needing $16,000 in cash at the ready, a difficult sum for many households to save. ....

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