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Mortgage Masters Group: 2018 – Wage Increases Make Home Buying More Affordable Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation – wages.
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Compare Today’s Rates | MortgageABC.com – Although exceptions can be made, 20% or more is ideal and gives you a good head start on building home equity which you can later finance into paying the mortgage or convert into hard cash. The lesser of a down payment you give, the higher the subsequent interest costs will be.