This phishing email has led to home buyers losing thousands of dollars — in some cases, the entire purchase price of the house — to scammers. (blog.myhtr.com)
That's because while buyers don't have to make a traditional down payment, they do have to pay the difference between your loan balance and the purchase price of the house. (themortgagereports.com)
And if you are intending to buy a house, then a recession will probably also involve a fall in house prices, so the loss in your savings will be somewhat balanced by the drop in the purchase price of your house. (money.stackexchange.com)