02-03-2011, 03:04 PM
It's all about liquidity. 20% cash down if you can swing it gives you a great advantage and like Jay said you can avoid useless PMI. Seller's like to see lots of money in cash and that way your mortgage is not outrageous, and gives you advantage if you have to compete against other buyers. Like Lee said, NOVA is ridiculous, prepare for roommates. Don't forget title search and title insurance. Go through a credit union as well. 30 year fixed mortgage rates are probably gonna go up from here, so lock in as soon as you can. It took my wife and I a month and a half from when we first saw the house online until closing. Owning your own house sure beats the shit out of renting an apartment and pissing money away.
My house was built in 1998, new roof and new HVAC when I purchased it, so on seller's disclosure, recent roof and HVAC improvements would be good to see.
My house was built in 1998, new roof and new HVAC when I purchased it, so on seller's disclosure, recent roof and HVAC improvements would be good to see.
2017 Mineral White BMW M240i Cabriolet
2014 White Platinum Pearl Explorer Sport
Living in the Alamo City.
210
2014 White Platinum Pearl Explorer Sport
Living in the Alamo City.
210