Reply To: Buy a house or Rent??

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#754101
Sacrilege
Member

oh_yeah

It’s possible but not through the typical channels and you need excellent credit, you may also need special arrangements such as private mortgage insurance (which gets pricey). There are also government programs (FHA) that insure mortgages for first time buyers with low down-payments (this is the route we went with my client).

seventy

Do the math.

If he only had to mortgage 4 and it costs 6 ____ ?

(He paid 2 out of pocket)

It still pays to buy and not rent 😉