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The 20% mortgage down payment is all but dead

The 20% down payment is all but dead - and has been for quite some time, especially for first-time buyers.
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Nothing down and low down payment (government!) mortgages inflate housing prices and increase the rate of foreclosure

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So much for the 20 percent down payment meme. 2/3rds of first-time home buyers us 0-6 percent down payment mortgages. And so much for the meme that first-time home buyers have vanished. Fist-time homebuyers account for 29 percent of...

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