
06-08-2022, 05:27 PM
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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.
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I might need his number too. Feeling like I need some advice. lol
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