The amount of the down payment will affect the size of the mortgage loan needed to purchase a home.

Name: The amount of the down payment will affect the size of the mortgage loan needed to purchase a home.
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The larger the down payment, the smaller the mortgage loan needed to purchase a home. This is because the down payment is subtracted from the total purchase price of the home, reducing the amount that needs to be borrowed from a lender.

The Amount of the Down Payment Will Affect the Size