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re: First time home buyer

Posted on 2/2/16 at 7:16 am to
Posted by dallastiger55
Jennings, LA
Member since Jan 2010
28024 posts
Posted on 2/2/16 at 7:16 am to
Congrats
If you don't mind me asking, where the hell are you getting 2k sq feet in dallas for only 200k?

Is it inside dallas or the burbs? My buddy lives in a 1,100 sq foot in bishop arts and paid 330,000
Posted by RandySavage
Member since May 2012
30971 posts
Posted on 2/2/16 at 7:19 am to
If you do a 30 year pay an extra hundred or two on your mortgage every month. It will save you about 60k and knock off 7-10 years off the life of your loan.

As you can no longer get rid of PMI after 5 years I'd make sure I could put down 20%.
Posted by Restomod
Member since Mar 2012
13493 posts
Posted on 2/2/16 at 7:39 am to
quote:

Is it inside dallas or the burbs? My buddy lives in a 1,100 sq foot in bishop arts and paid 330,000



Most likely the burbs, which I would pick with his budget.
This post was edited on 2/2/16 at 7:55 am
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