Debunking the 20% Down Payment Myth When Buying a Home

Billings (Montana) Gazette podcast, March 3, 2025-Nat Cordona
In this episode of the newspaper’s PennyWise podcast, host Nat Cardona welcomes NerdWallet Senior Writer Holden Lewis to discuss down payments for home buying.

Many potential homeowners believe that a hefty 20% down payment is a necessity, but Lewis says this isn’t the case. The discussion addresses the financial pressures faced by first-time homebuyers, including interest rates and living costs, which can make homeownership seem unattainable.

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