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re: Age when bought first home ?

Posted on 1/29/14 at 9:58 am to
Posted by TexasTiger34
Austin, Kind of
Member since Mar 2008
11338 posts
Posted on 1/29/14 at 9:58 am to
I'm 28, plan on it when I'm 30. Will put 20% down.
Am I doing it wrong?
Posted by Salmon
On the trails
Member since Feb 2008
83686 posts
Posted on 1/29/14 at 10:12 am to
quote:

I'm 28, plan on it when I'm 30. Will put 20% down.
Am I doing it wrong?


depends

if the IR% is still low, and you don't require much of a PMI, it really isn't necessary to put down 20%
Posted by The Easter Bunny
Minnesota
Member since Jan 2005
45573 posts
Posted on 1/30/14 at 9:31 am to
quote:

I'm 28, plan on it when I'm 30. Will put 20% down.
Am I doing it wrong?


I'm 29 and also planning on buying in the next year or so and putting 20% down.

My situation was that I knew I'd be moving after being in Atlanta for 6-7 years so we didn't want to buy there. Wanted to wait until we were settled.
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