Portal Forum General General Discussion Home Ownership Reply To: Home Ownership

#153534 Quote

    @dxmnkd316 wrote:

    I still stand firmly behind the principle that if you can’t afford 20%, you can’t afford the home.

    In geneal, I agree, but not always the case. In most cases people who want to purchase a home may not have a ton saved up but can afford a monthly. Your income will increase over time and be able to afford it. Not always the case, but doesn’t always make sense to do 20% down. Definitely stricter limits on what you can put down and what rates you get for a FHA or traditional.