Did You Think You Need 20% for a Down Payment? Think Again - Norwell, Hanover, Boston, MA


Saving for a down payment often represents the biggest hurdle for first-time home buyers. In December, 25% of buyers on realtor.com® who were looking to purchase their first home said a key factor holding them back was lacking funds for a down payment. No matter how you cut it, it represents a big chunk of cash. But here's the thing: It doesn't always need to be quite so big as most think.
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