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Old 01-21-2013, 11:03 PM   #51
Shaban
Registered User
 
Join Date: Jul 2010
Location: Virginia
Posts: 24
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.
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- Alex
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