
You've probably heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid. It shows you have the financial discipline and stability to save for a long-term goal, it helps you get favorable rates from lenders, and it …
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The preconception is that new homes cost more than older homes, but that's not necessarily true across the board anymore. As the price of land increases, the average size of new home lots is shrinking. Consider California, where neighbors can practically crawl from their living room window into the window …


