- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: First time House Buyer....advice/ suggestions?
Posted on 3/1/13 at 11:19 am to novabill
Posted on 3/1/13 at 11:19 am to novabill
quote:
Not a bad opinion, however, many do not have the 20% to put down and do not want to wait for the rates to go up prior to buying a home.
I agree. I can see the benefit of paying 20% down but lots of people with families who are renting aren't going to be able to save up $40,000 in cash for a $200,000 house. With rates less than 4%, I would jump on a mortgage now and try to go conventional if you can't go RD. The PMI isn't as high as FHA and it's not for the life of the loan, as FHA will be once the new rules go into effect.
1
Posted on 3/1/13 at 11:34 am to JonTheTigerFan
(no message)
This post was edited on 3/28/13 at 6:31 pm
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News