How does one choose between a state with a lower cost of living that would propel their FI journey and a state that they think is awesome?

The property is in Greenville, SC. I

@Colleen F.  I

Thanks for your service Wayne and semper fi!

@Frank F. I

Ideally I would like to structure the deal so that a portion if not all of the down payment assistance funded would be repaid by a contribution from the seller at closing.If there is a portion remaining maybe we could equity share in a re-fi in about 5yrs or I would make payments at 5% int. 10yr fixed, 30yr amortization.

However, after a year or so, you can re-fi to hopefully get a better APR, but even if it is a little more you can still get a conventional loan that does not require PMI and thus saves you a few hundred a month.Best of luck!

My understanding is that the mortgage insurance on all new FHA loans is now permanent for the life of the loan (unless you plan to re-fi out later (but why wouldn't you do it right the first time with interest rates where they are?).

@Will F. I

Originally posted by @Frankie Baca:Originally posted by @Greg F.:  I sense you may have missed the irony in the response.