Posted by: Mr. Hyde June 30, 2008
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Luchha!
John Lennon has put forth some great points there.
Samsara! how you doing my man! :)
In addition, I would go with a fixed rate mortgage. Hopefully, the house prices has declined to reasonable price to rent ratio in your area by now and you have a dependable source of income for the long haul. The real estate you are considering should not be too far away from the city center. I have read/heard these days that buyers can get away with 3-5% down if that works out better in your financial plans.
my two cents :)
John Lennon has put forth some great points there.
Samsara! how you doing my man! :)
In addition, I would go with a fixed rate mortgage. Hopefully, the house prices has declined to reasonable price to rent ratio in your area by now and you have a dependable source of income for the long haul. The real estate you are considering should not be too far away from the city center. I have read/heard these days that buyers can get away with 3-5% down if that works out better in your financial plans.
my two cents :)
Last edited: 30-Jun-08 09:55 AM