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Reader Question: How Much Money Do I Need To Buy My First Home?

Prairie Eco-Thrifter

Working out how much the down payment would be is only half the answer – you’ll also need to work out what is affordable on your budget once you’ve factored outgoings and debts into the bargain. How much of your income would be used to pay down your house-related debts? What if this is just too steep to be achievable for you?

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