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Reply to "Where do people keep these huge amounts for house down payments?"
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[quote=Anonymous]We put $200k down on our first home. It was in a combination of savings, bond funds, and stock. As we got closer to the time we wanted to buy, we progressively moved more and more into cash. For our 2nd home purchase, which we closed on before we listed our 1st house, we sold stock and used our emergency fund. When the other house sold 2 months later we replenished the emergency fund and put the remaining proceeds against the principal of the new mortgage. [/quote]
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