So, a few weeks back I wrote a post “How Far Down Can My Savings Go For a Down Payment” discussing just how much first-time home buyers need to have in the bank for a down payment. And I received a few great comments. One in particular asked, “What happened to 15 – 20% equity…?”
This got [...]
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Would I, Could I, in a House?
by Meghan Busch | December 21, 2008With the Fed cutting the Fed Funds Rate to, er… 0 to .25% (Free money—Wee!) and mortgage interest rates and housing prices falling like St. Nick down the flue—well, not quite as quickly, and for the mortgage interest rates, not quite as steep—somebody’s gotta take advantage. Could it be me?
I’m not a homeowner. Right [...]