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How much cash will I need to purchase a home?
The amount of cash that is necessary depends on a number of items. Below are 3 items that you need to consider:
Earnest Money:
A deposit made by the potential buyer(s) when making an offer on a house.
Down Payment:
A percentage of the cost of the home that is due at settlement.
Closing Costs:
Costs associated with processing paperwork to purchase or refinance a house.
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