LogFAQs > #948627015

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TopicBuying a house
KingButz
12/22/20 12:55:48 AM
#12:


If you have great credit, mortgage insurance might be reasonable if you can put 10-15% down. If you don't, then really try to get 20%.

In normal times, I would say go to a lot of open houses, but I guess you will have to get private appointments for now.

Budget 1-2% of the house value annually for upkeep.

Your total debt to income ratio should be 30% or less.

And I agree with those that say you can't really time the market. It seems like a bad time to buy but it also may never get any better. One of the positives now is that mortgage rates are at an all time low.
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rip imgcake
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