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Old 01-22-2013, 12:03 AM   #51
Registered User
Join Date: Jul 2010
Location: Virginia
Posts: 37
My Ride: 2005 CBR600
I got my dad to co-sign and was pre-approved for $300,000... but I haven't bought a house yet. I want to buy a house I recently saw listed for sale, but I'm trying to save up more money in order to put a larger down payment and reduce the mortgage.

What's a good downpayment? Everyone has been telling me 20% used to be enough, but they are saying you need to put more down these days. If I could put 10% down and keep mortgage payments below $1,000/month I would do it in a heartbeat.
- Alex
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