beep@piefed.world to Lemmy Shitpost@lemmy.worldEnglish · 2 days ago"Ragebaited myself by asking my mom to guess what a down payment on a house would be these days (she guessed $8,000)"message-squaremessage-square7fedilinkarrow-up168file-text
arrow-up168message-square"Ragebaited myself by asking my mom to guess what a down payment on a house would be these days (she guessed $8,000)"beep@piefed.world to Lemmy Shitpost@lemmy.worldEnglish · 2 days agomessage-square7fedilinkfile-text
cross-posted from: https://piefed.world/c/shit/p/1128309/ragebaited-myself-by-asking-my-mom-to-guess-what-a-down-payment-on-a-house-would-be-thes
minus-squareLost_My_Mind@lemmy.worldlinkfedilinkarrow-up27·2 days agoI mean…a down payment is anything you want it to be. The 20% rule isn’t manditory.
minus-squareSirActionSack@aussie.zonelinkfedilinkEnglisharrow-up22·2 days agoSort of, for certain values of “you”.
minus-squareTropicalDingdong@lemmy.worldlinkfedilinkarrow-up14·2 days agoI mean… sort of not entirely. It really comes down to how much money you’ll need to complete the transaction versus how much the lender is willing to give you versus asking price/offer, and other details like points mortgage insurance etc…
I mean…a down payment is anything you want it to be. The 20% rule isn’t manditory.
Sort of, for certain values of “you”.
I mean… sort of not entirely. It really comes down to how much money you’ll need to complete the transaction versus how much the lender is willing to give you versus asking price/offer, and other details like points mortgage insurance etc…