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We aren't happy until you aren't happy
- Joined
- Sep 4, 2015
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I think buying houses w conventional 3% loans is not good. Not too hard to get a loan imo. 3% isn't much skin in the game
I agree, but on a $500K house that is a $2,250 payment with 3% down.. on a $600K house that is $2,700. What are you going to do, default on your house just to go pay more a month in rent? It makes no sense to walk away.
These are not interest only ARMs, these are relatively low interest rate 30 year loans.