It's a shame that people fall for this "information". Do you want to know the rules of money and how to buy a house? Stay out of debt and don't buy a house unless you have 20% you can put down. You forgot to mention that when you pay down 20% you also avoid PMI (mortgage insurance), which just that in itself voids your entire argument since that is hundreds of extra dollars a month, even more with a loan of $400,000. And anyone who buys a house and doesn't have an emergency fund is an idiot.
It's a shame that people fall for this "information". Do you want to know the rules of money and how to buy a house? Stay out of debt and don't buy a house unless you have 20% you can put down. You forgot to mention that when you pay down 20% you also avoid PMI (mortgage insurance), which just that in itself voids your entire argument since that is hundreds of extra dollars a month, even more with a loan of $400,000. And anyone who buys a house and doesn't have an emergency fund is an idiot.
majtomwilson 1 year ago