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Your Housing Questions Answered: Down Payments, Mortgage Recasting, and Buying in Tough Markets

NerdWallet's Smart Money Podcast

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Navigating Down Payments vs. Mortgage Payoff

The hosts tackle a listener's query about whether to invest in a larger down payment for a new home or reduce their existing mortgage. They explore the trade-offs between maximizing financial value by paying off debt and maintaining liquidity through savings, emphasizing the importance of interest rates in making an informed decision.

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