Forget 20% Down—Here's What Actually Matters When Buying a Home | The Financial Mirror

Buying a house in 2025? Don’t let the 20% down myth hold you back.
Millions of Americans are still being told they need to save 20% to buy a home. But in today’s high-cost housing market, that advice is not just outdated—it’s wrong.

This video breaks down the truth about how much home you can afford based on what you’ve already saved, using realistic mortgage calculations and all-in monthly costs. We compare buyers with different down payments—20%, 10%, and 5%—and show what each one can afford while sticking to a smart budget (25% of take-home pay).

What you’ll learn:
o How mortgage lenders evaluate affordability
o Why saving more increases your buying power
o What to do if you fall short of the home you want
o How to align your savings goal with the home you actually want to buy
o Why chasing a 20% target may delay homeownership unnecessarily

This is straight talk with real examples—perfect for anyone who’s tired of vague advice and wants to make an informed financial decision.

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