tag:blogger.com,1999:blog-4581706868455957856.post6742329743842958503..comments2023-09-05T10:35:17.464-04:00Comments on A Helpmeet for Him: down paymentsA Helpmeet for Himhttp://www.blogger.com/profile/12381206096800455650noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4581706868455957856.post-89474434849828649942013-09-09T09:52:57.173-04:002013-09-09T09:52:57.173-04:00Thanks, Joseph!Thanks, Joseph!A Helpmeet for Himhttps://www.blogger.com/profile/12381206096800455650noreply@blogger.comtag:blogger.com,1999:blog-4581706868455957856.post-75536182398714015002012-05-24T09:05:19.037-04:002012-05-24T09:05:19.037-04:00I wrote a post about what we did that may be helpf...I wrote a post about what we did that may be helpful. http://awifeandhercarpenter.blogspot.com/2012/03/doing-moon-walk.html<br /><br />It gives you and idea of how to set up a mortgage and save yourself money in the long run. 20% down is a nice amount to save for a down payment because a traditional loan usually requires that much. Though, a lot of banks are willing to do a whole lot more with today's economy. <br /><br />A house is a great investment but you need to be careful what you buy, nonetheless. <br /><br />Good luck!!! :)A Wife and her Carpenterhttps://www.blogger.com/profile/07258813906245960901noreply@blogger.comtag:blogger.com,1999:blog-4581706868455957856.post-19897474743798315572012-05-24T08:44:08.919-04:002012-05-24T08:44:08.919-04:00Well said, Joseph.Well said, Joseph.Summer Johnsonnoreply@blogger.comtag:blogger.com,1999:blog-4581706868455957856.post-3597397302823103072012-05-23T23:02:24.079-04:002012-05-23T23:02:24.079-04:0020%. It's old fashioned and it's a lot. Al...20%. It's old fashioned and it's a lot. Also, I have no idea what that comes out to in Virginia Beach housing market money, but I'm sure it really is a lot. On the other hand, it's safe and responsible and banks will be falling all over themselves to give you the other 80% on great terms.<br /><br />It's also one of the few really, really sure ways to avoid having your mortgage underwater.<br /><br />All of that being said, I definitely recommend renting too. Having owned a home for 6 years, I definitely have regrets about buying. A home is a poor to mediocre investment (so renting isn't really "throwing your money away"). It also ties you down to one place and limits your options. Plus, most rentals around our area are actually nicer than most homes around here.<br /><br />If you're working on saving up, and trying to get to 20%, renting for a while might be the best option. It'd get you home without saddling you with a large mortgage and no equity.Joe Martinhttps://www.blogger.com/profile/02179784953440460390noreply@blogger.com