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How much repair cash should remain after choosing a conventional down payment?
Conventional loan reserve requirements seem different from the practical need to have cash available when routine repairs come up. How do buyers separate what a lender requires for approval from a reasonable personal buffer after closing?
I’m also curious how people weigh keeping more cash against a down payment that might avoid or reduce private mortgage insurance. Which predictable maintenance costs are useful to account for when estimating a repair buffer, without assuming a particular house or a major renovation?
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