re: Questions About Buying House

quote:

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Yeah. I'm trying to buy a house around Lafayette. I can't find anything decent under 170k. I have the 20% to put down but I don't wanna throw all my cash out the window at one time

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I hear ya. Tough decision. Ideally, you want at least 25-30K in emergency funds/cash on hand at all times. Its a bad idea to throw all your cash on a down payment on a house, IMO. You can try to look for a 10% down from a lender. FHA loans kind of suck now because of PMI for the life of the loan(if im not mistaken). Used to be 5 years or until 20% equity in the house. There were probably some other ways to avoid PMI years ago but now its pretty much unavoidable with FHA.