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re: The math for buying a home no longer works, per WSJ

Posted on 12/20/23 at 9:42 am to
Posted by Bayou_Tiger_225
Third Earth
Member since Mar 2016
10863 posts
Posted on 12/20/23 at 9:42 am to
quote:

You can get a conventional mortgage with only 3% down
That is exactly what I did back in 2021.

Got the seller to pay the closing costs by adding that to the price of the house, put 3% down, and locked in a 3.2% rate.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35595 posts
Posted on 12/20/23 at 9:53 am to
quote:

That is exactly what I did back in 2021. Got the seller to pay the closing costs by adding that to the price of the house, put 3% down, and locked in a 3.2% rate.


Man, you should have waited a few years and saved up more so you didn’t have to pay pmi.
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