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WHY IT’S TIME TO DITCH THE 20% DOWN PAYMENT RULE
Friday, October 30, 2015 1:40
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Unlike the conventional rule of waiting until you save enough to pay that 20% down payment, it’s wise to enter the housing market now than to wait for it to cool down, which is less likely for a market that’s ever red-hot. If you’re for the waiting game then you’d be bound to pay more with housing prices rising 5% annually and interest rates poised to rise.
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http://www.canadalend.com/Blog/why-its-time-to-ditch-the-20-down-payment-rule/
