Submitted by ProspectiveHomeBuye t3_z7yzby in personalfinance
EvanDrMadness t1_iyamyc4 wrote
Reply to comment by RenaldoGarfunkel in Buying a house next year, what’s a reasonable budget for mortgage payment? by ProspectiveHomeBuye
Why stop there? They should just save up until they can buy the house in cash.
/s, saying "just save for 20% down and do a 15 year fixed loan" is not feasible for a vast majority of first-time homebuyers.
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