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- Dec 13, 2003
Right I agree with you on that. I guess im more pointed at that 51KOriginally Posted by Patmc13
First few years is not hard at all, look at a ammorization chart. It will be less than $200 dollars extra a month to pay. Then in years like 10-15 it will be around $500-$600 a month, but by that time in the future hopefully you get promoted with a pay raise...Originally Posted by CJDynasty
51K sitting around and double the principal every month?! Now thats some saving/budgeting....Originally Posted by Patmc13
I wouldn't buy a house unless you can put down 20%. I bought my first house about 9 months ago for $200,000. 4 bedrooms, 2 1/2 bath, a little over 2,400 sqf., 2 car garage, and a .25 acre. I put down payment of $40,000, and I had about $11,000 in closing costs. Don't worry about buying a house to big as long as you are getting a good deal. I have 3 bedrooms empty in my house, and my living room and dining room do not get used. Write your mortgage up on a 30 year fixed, but pay double the principal when you get your montly bill, and you will prolly save over $100,000.