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674 - 8 Steps to Prepare Your Finances for Homeownership

Money Girl

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How to Save Money on a Down Payment

To qualify for a mortgage, you must prove to a potential lender that you've got enough savings to fund your down payment. Lenders don't finance a hundred % of a home's price. You can also haggle with your mortgage lender not to charge you specific up front fees. In real estate, just about everything is negotiable, so don't be shy about asking for concessions.

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