Stay Above the Median
// August 6th, 2010 // 5 Comments » // Uncategorized
I’m planning on buying a house with my wife in the (near?) future and we’re in the learning phase of mortgages, financing, PMI, debt-to-income ratios, points, taxes, blah blah blah. It sounds exhausting doesn’t it?
Through the process I’ve thought to myself, maybe we should wait and put 20% down. Then we can get a fixer-upper1, save on things like private mortgage insurance2, and probably get better rates from a wider variety of lenders.
That’s a lot of coin, though. No matter how you dice it.
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