$100K down payment, much lower mortgage?

View your credit file based on any of the UK credit reference agencies, or all three at once
LifeLock is the only Identity Theft Prevention Solution backed by a one-million dollar guarantee!Click here to get a 10% discount.

LifeLock Identity Theft Prevention - Save 10%

A full analysis depends upon what rent is costing you, but in most areas of the country, even if we see below average appreciation in the housing market, leverage will cause someone who buys to be ahead of the renter who invests the difference after 4 years, even after the costs of selling.

$100K down payment, much lower mortgage?

Use $10k to put down on a $100k house (or condo). Keep the other $10k in the bank for emergencies. Buy it now while home prices are low, b/c by the time you save up $100k home prices will be high again!

Congrats on being such a responsible 20 year old and good luck in your new home!

p.s. don't forget to factor in the cost of property taxes and insurance when you figure out your monthly payment - if you talk to your bank they can help you figure out what sort of loan you could get.

First Previous 1 2 3 45NextEnd

$100K down payment, much lower mortgage?

Topic