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.
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
Decisions are agonizing! What house should you buy? How big of a mortgage payment can you endure? Does the home have the right bells and whistles? Is it in the area you desire? You need a House Hunting Checklist to make your options plain as day!