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Originally Posted by S2kracka
Just remember guys, if you aren't able to put 20% down, you'll have to buy mortgage insurance. Not that expensive, but still an added expense for really nothing.
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Not exactly, there's ways around that. And not all lenders require that anymore. We ended up with less than 20% down on our new place, and we won't have any mortgage insurance.
The rates are going up fast and houses are dirt cheap right now. This is the best time to buy that I've seen since 1998.
A good credit score is more important than having a lot of money. There's some really decent programs out there that bank on the fact that you'll make more money from year to year. If you work at McDonald's, this doesn't apply to you.
Steve
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