
06-06-2022, 05:33 AM
|
Platinum member
|
Join Date: Apr 2014
Posts: 1,740
Thanks: 497
Thanked 1,585 Times in 662 Posts
|
|
Quote:
Originally Posted by Laker14
Gee, no. Somehow I got to be 70 years old and never understood the idea of a down payment. Thanks for explaining it to me.
I wasn't counting eating out and golf and "wife shopping" since that is immaterial to the process of buying a home. However, even if you count those things, 5K is 20% of 25K. Nice houses here abound for 25K, for sure.
Or, maybe he pays a few extra points and gets a 5% down mortgage, he can now buy a 100K home. Lots of those available in TV now as well.
Next time I need a life coach, I'll be sure to PM you.
|
It’s his fourth year ! Read the OP! Multiply times four Ace
|