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In general if you put down less than 20%, you have to pay for mortgage insurance, which pays neither principal nor interest. That may vary by region and by oth
by joeclark77 10y ago
In general if you put down less than 20%, you have to pay for mortgage insurance, which pays neither principal nor interest. That may vary by region and by other things like first-time homebuyer or veteran status, so YMMV. But from first-hand experience I can say that paying 20% makes life a lot happier.