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re: House = (x)household income

Posted on 8/10/15 at 7:32 pm to
Posted by yellowfin
Coastal Bar
Member since May 2006
97771 posts
Posted on 8/10/15 at 7:32 pm to
quote:


I have no idea what the percentages are. I assume you are saying most people put down less? I won't consider anything I can't put 20% down on comfortably.


On a first home 20% is extremely rare
Posted by Ric Flair
Charlotte
Member since Oct 2005
13694 posts
Posted on 8/10/15 at 7:37 pm to
Do they still do 90/10/10 type loans? I did this for the first house and payed down the 10% loan pretty quickly. You can avoid pmi that way.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 8/10/15 at 7:40 pm to
Really? You don't think most millenialls saving up $40-60k is realistic. You prude.

These threads are the only things that ever make me feel like I'm loose with my purse strings. I've got to be in the most conservative 10% in my generation and I'm still not even close to half of these "guidelines".
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