All my homeowners get in here?

BmoreGorilla

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what program was it and how did you find out about it
It was a program for Baltimore City residents that I saw on a flier. Decided to call for shyts and giggles and it turned out to be legit. Had to attend five 3 hour classes. Definitely worth it
 

Towlie

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we have a conventional 30 year loan at 4.25%

put down about 3k, nowhere near 20%.

That 3kish was the minimum amount to put down. We couldv'e paid more, but it won't move your payment that much.

We are paying around $100 a month for pmi, but we are getting ready to drop that in August because our home value has went up like 25k since we bought it

don't be scared of pmi, it's not that expensive, and you can drop it when you get to 20%
 

Sad Bunny

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I may put down 5 to 10 percent .

The house I want is about 280K to 300K.

I really don't want to pay over 1,200 for a mortgage so I might have to just bite the bullet and save a little longer.

Thank you for this great informational thread though
 
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I may put down 5 to 10 percent .

The house I want is about 280K to 300K.

I really don't want to pay over 1,200 for a mortgage so I might have to just bite the bullet and save a little longer.

Thank you for this great informational thread though


After your mortgage and other associated Monthly fees you’d prolly have to finance less than $200k to stay under $1200 for everything
 

Sad Bunny

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After your mortgage and other associated Monthly fees you’d prolly have to finance less than $200k to stay under $1200 for everything
Damn...

I looked at a 240 crib and the mortgage would be 1360 with 5 percent down.

Realistically I can do 15 or 1,600 a month because I am in a two-income household but I just like to plan it as if I only have one income.

But with the mortgage or type of house we want I doubt that will be possible so I might just need to bite the bullet
 
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