beachteen
beachteen t1_iy9kzu1 wrote
Reply to comment by ProspectiveHomeBuye in Buying a house next year, what’s a reasonable budget for mortgage payment? by ProspectiveHomeBuye
If your parents would gift you some money you could put 20% down and avoid PMI, pay less in interest because you are borrowing less. Your payments would be more affordable.
beachteen t1_iy9j1jd wrote
Reply to comment by ProspectiveHomeBuye in Buying a house next year, what’s a reasonable budget for mortgage payment? by ProspectiveHomeBuye
You can't take a loan from your parents for a down payment on a house and get a regular mortgage. If you lie and say it was a gift when it is really a loan that is mortgage fraud.
beachteen t1_iy9hbgg wrote
Reply to Buying a house next year, what’s a reasonable budget for mortgage payment? by ProspectiveHomeBuye
A $3300 mortgage payment would put you at 31% DTI. This is pretty affordable
If you can put 10% down PMI is a bit cheaper, and you are financing a little less so the payments would be a bit lower. But then waiting longer, saving more to cover closing costs on top of the down payment probably means increased home prices so it is a wash.
beachteen t1_j5iet0k wrote
Reply to comment by Samothrace_ in NVIDIA just released a new Eye Contact feature that uses AI to make you look into the camera by strangesmagic
What is evil about eye contact while streaming? Like with this you are working and reading off your screen to present to the group instead of having to practice and memorize everything