I never understood why you shouldn't buy a house unless your planning on staying 5-10 years and have a 20% down payment. But now I do! Without a 20% down payment you will pay over 100k more in the long run (interest/fees, etc.) but most houses won't accumulate 100k in value until at least 5-10 years.
Learn how much mortgage payment you can afford with the tips and insights offered in this infographic from Better Money Habits.
The 0% Down Payment Mortgage Option - Not a lot of people know that the USDA has a home loan program, but it can mean buying a home with zero down payment, which was such a blessing for us!- An Exercise In Frugality
You’ve Saved Up A Down Payment, You’re Pre-Approved For A #Mortgage, You’ve Found A Place You Love. Now, HEADS UP! There’ll Be All Sorts Of Extra Fees and Charges Coming At You. With This Handy Chart You’ll Be Prepared For The Hidden Costs That Come With Buying A #Home. -Review Journal #HomeBuyingTips