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TheGoodKindOfPurple t1_iwvomqa wrote

Reply to comment by TheJanks in Home sales fell for the ninth straight month in October, as higher mortgage rates scared off potential buyers by ChocolateTsar

If you put down 20% you avoid paying PMI and the mortgage is at least a predictable expense. I hope you can find the right deal.

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ba_cam t1_iwvq5d6 wrote

On a modest house in my area, at 400k, who the hell has $80,000 just laying around?

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TheGoodKindOfPurple t1_iwvwl8x wrote

Oh hell, you must live in one of those places that people actually want to live in. Come to the Midwest, we have corn!

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TheJanks t1_iwvvbqz wrote

And that can be a fight. My current mortgage they said they knew all home values went up so I had to buy some kind of appraisal to prove to them that I still paid off 20% of the current house price. They didn’t care anymore if it’s 20% of what you paid more of what it’s worth. You gotta work to get that shit removed.

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