All Forum Posts by: Jul Howe

I agree!  Do not wait.  Leverage with debt and get on with it!  Using all cash is a waste of cash, and then you are paralyzed until youre able to save up alot more cash.  

Why would you put 20% down? That is just tying up your cash. Do the math of putting minimum down, perhaps 3.5% with FHA or 5%, add up the PMI payment over two years (when it is allowed to be removed if appraisal gets to Loan to Value limit) And assess if at current market increases, if you think your home will be worth at that time. Are you planning on doing any improvements to increase value? The cash may be better spent on things that will grow your value and allow the PMI to be taken off sooner.