Re:Some young people are buying houses with friends
by dragonwriter on Wednesday March 06, 2019 @07:14PM
(#19324379)
> In the US, most home buyers will qualify for a much lower than 20% down payment for their primary residence.
Well, that's true in the US in that, so long as you have sufficient income to make the payments, you can probably fine subprime financing for purchases with less than 20% down, but you'll pay more for it than you would for the same size loan with more equity (whether in PMI, interest, fees, or some combination.)
Well, that's true in the US in that, so long as you have sufficient income to make the payments, you can probably fine subprime financing for purchases with less than 20% down, but you'll pay more for it than you would for the same size loan with more equity (whether in PMI, interest, fees, or some combination.)