Quote:
Originally Posted by afc wimbledon
The downpayment gives you breathing room to sell in the event of you losing your job a few weeks after the price drops by 10 or 15 percent.
It's insurance against bankruptcy, not losing the house.
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Yes I obviously understand that it's so you have more money to pay off loses.
I just think the importance of a big down payment is completely over stated in the price range I'm shopping in.