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Mortgage lenders love borrowers who are able to make 20% down payments, but think about how long it would take for a family of four living on $70,000 per year to save $40,000 to buy a modest $200,000 home.
What to consider before paying off your mortgage early – In other words, the average homeowner chooses to take on over $300,000 in debt when they buy a house. other choice have yielded a better financial result than aggressive mortgage payments? In this.
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