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Message
re: House = (x)household income
Posted on 8/10/15 at 5:40 pm to yellowfin
Posted on 8/10/15 at 5:40 pm to yellowfin
quote:
I don't think 20% down is very common anymore
I'd agree for some markets for sure. Plus some probably shouldn't when you consider rates as low as they were with rising home values. Might be better off buying with less down to take advantage of price and rate. Would take a long time to buy a 400k house coming off professional school.
I think we bought at 5% down.
As someone mentioned, having a wife who works is pretty helpful. House Uptown mortgage was 1.87 at purchase in May 2014. Changing just salary is 1.74 now and should be 1.5 something end of this year.
This post was edited on 8/10/15 at 6:31 pm
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