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re: First time home buyer question
Posted on 4/20/19 at 4:41 pm to Paul Allen
Posted on 4/20/19 at 4:41 pm to Paul Allen
quote:
PMI is not a death sentence as most make it out to be. Put down 5-10%, and invest the rest. After all, PMI is tax deductible
It's not a big deal. Sure it might add an extra $100-150 to your payment but it's something that the vast majority of first time homeowners will pay.
1
Posted on 4/20/19 at 5:15 pm to fallguy_1978
quote:
It's not a big deal. Sure it might add an extra $100-150 to your payment but it's something that the vast majority of first time homeowners will pay.
This is okay advice to someone buying a starter house well within their means, but just too fresh into their career to have a huge savings. However, there are far too many 30-somethings buying 350k houses who should have had a little more discipline to save 20%.
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