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A zero down mortgage may not be a good option for a borrower who can make a down payment and save money in the long run as a result. Upfront costs and the loan’s interest rate tend to be inversely proportional to the down payment. The more you can put down on a home, the better the terms will be and the less you’ll pay overall.
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Fully serviceable loan options, redraws, line of credit, variable or fixed rates; Principal & Interest or Interest-only loans. Cons: Generally a higher interest rate and