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re: We have saved 60k and my fiancée and I have no debt please help.
Posted on 8/21/17 at 10:40 am to AcetylCoA
Posted on 8/21/17 at 10:40 am to AcetylCoA
The board usually recommends 20% down because it eliminates PMI (mortgage insurance) which adds 100-200 a month to your note.
As a first time homebuyer you can put less than 20% down and buy a house.
One reason everyone suggests purchasing a duplex or triple or 4 pled is because although it costs more you can potentially live in it for free or at a much reduced rate.
As a first time homebuyer you can put less than 20% down and buy a house.
One reason everyone suggests purchasing a duplex or triple or 4 pled is because although it costs more you can potentially live in it for free or at a much reduced rate.
1
Posted on 8/21/17 at 11:34 am to eng08
Thanks. That clears a lot of things up. That takes a ton of anxiety away knowing that we won't need 20%.
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