Quote:
Originally posted by DrGuile
please tell me why,
contrary to most people here, Im quite willing to admit and learn from my errors.
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For someone like the gentleman that started this thread looking at 150k house, he can easily slide in at 3% fha being a first time homeowner. He may not like it, he may like a condo atmosphere. Your more than welcome to pay off more principal anytime you like. But telling yourself you need 10-15% before considering purchasing is nonsense. There are many more reasons and factors involved but limiting your purchasing power till you have atleast 10-15% down money is crazy