I dated a girl who's parents essentially bought her first house. She pays her own mortgage, but her parents made the downpayment so that her mortgage was the same as the rent she was paying at the time. 2300 sq ft house, one 24 year old living in it alone. Paying $1250 a month.
Don't know the other details, she told me what the down payment was and some of the terms and rates but I've since forgotten, this was 2 years ago
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