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Scott Burns: How to buy a home with 50 percent down and never make a mortgage payment

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The advertisement inWhere to Retire magazine caught my eye:

“Purchase a new home in Central Florida’s Premier 55+ community, Lake Ashton, with a one-time down payment around 50 percent of the purchase price and never make another monthly mortgage payment again!”

A little over an hour’s drive from Tampa, this gated community has 1,300 homes, 36 holes of golf, waterfront lake lots and country club amenities.