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  2. Guide to no-down payment mortgages: Am I eligible? - AOL

    www.aol.com/finance/no-down-payment-mortgage...

    Sponsored by the U.S. Department of Housing and Urban Development (HUD), the program provides a discount of up to 50 percent on a home with a down payment of just $100. Pros and cons of a no-down ...

  3. What Is An Interest-Only Mortgage? - AOL

    www.aol.com/interest-only-mortgage-190002695.html

    For interest-only mortgages backed by some financial institutions, you must make a down payment of at least 30%, which is significantly higher than as little as 3% on a traditional 30-year ...

  4. No-closing-cost mortgage: How it works and how to decide if ...

    www.aol.com/finance/no-closing-cost-mortgage...

    Pros and cons of a no-closing-cost mortgage. ... Imagine you plan to buy a $500,000 home with a 20 percent down payment. That means you’ll need to borrow $400,000 to finance the purchase. You ...

  5. What is a down payment? - AOL

    www.aol.com/finance/down-payment-180952544.html

    Consider these pros and cons: Pros of a bigger down payment. Smaller monthly payments: ... For conventional loans, the minimum mortgage down payment is 3 percent. FHA loans require a down payment ...

  6. 6 ways to get the lowest rate on your next mortgage - AOL

    www.aol.com/finance/how-to-get-best-mortgage...

    Yes, a 1% drop in mortgage rates can save you a significant amount, but waiting for rates to fall by 2% or 3% can be even more worthwhile. For example, if you borrow $400,000 at 3% APR instead of ...

  7. Zero percent down mortgages might help more first-time ... - AOL

    www.aol.com/finance/zero-percent-down-mortgages...

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  8. Jaspreet Singh: Should You Pay Off Your House Early? - AOL

    www.aol.com/finance/jaspreet-singh-pay-off-house...

    If you own a home, and come into some extra cash, you might be tempted to put that money into your mortgage so that you can pay off your house early -- an excellent goal that will reduce the ...

  9. What is the average down payment for first-time homebuyers? - AOL

    www.aol.com/finance/average-down-payment-first...

    Key takeaways You don’t need to put 20 percent down on a home — the minimum down payment for a house can be much lower. The average down payment on a house for a first-time buyer is just 8 ...

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