Quote:
Originally Posted by Tyler
Wow.. you people putting 5% down on a house. Every financial expert would tell you that this is the #1 sign that you're not ready for home ownership.
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Complete and utter BS. As stated before, I didn't go 20%, and went with a 35 year term (oh noes!). 4 years into the mortgage I've cut it down to 15 years. Not sure how that's not "ready to own a home". If you can barely scrape together 5% for a downpayment, now that might be a bad sign, but there's a vast array of reasons someone might go 5%, and that certainly doesn't mean that everyone that does isn't ready to own a home.