#homes
Advice for people seeking a mortgage
28 February 2010
So Katie and I decided to buy our first home (a condo) in California last year. From our first house (in Minneapolis) the lessons we learned was to have your 20% saved up ahead of time before taking the plunge. We’re fans of traditional 30-year loans (or 15 year loans if you can swing it) as they are fairly predictable and 20% will buy your way out of mortgage insurance.
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