Because it’s not true. LOLhttps://twitter.com/hezsokrayzee/status/977184384892760064 …
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Replying to @DrChaeEd
There is also the difficulty of saving up for a down payment which is supposed to be at least 20%. How easy is it to save up $30k, $60k, or more while you're paying sky-high rents?
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A lot of people don’t know (because a lot of banks don’t tell you) but if your credit score is 600 or above, you can do a FHA load for 3.5% down instead of 20
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Replying to @HyenaWoods @PenelopePssdoff and
With <20% down you'll pay sky-high PMI though.
1 reply 0 retweets 18 likes -
Replying to @PenelopePssdoff @HyenaWoods and
There's also a large (several $k? I forget) up-front charge for PMI which essentially cuts the down payment you can make by the same amount, and even if you can pay off 20% soon after buying you can't get it back.
7:24 PM - 23 Mar 2018
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