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« Why I Use Blue Cash from American Express | Main | Formula for Buying a House, Top Taxpayer Mistakes, Mind over Money »

February 01, 2007


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I did not put a full 20% down; we took out a 4% loan at a higher interest rate which we have already paid 25% of the principal on (it has been less than a year). Our loans were 30 year fixed rates, as well; none of that 0% crap.

If the payments weren't any more than rent, he wouldn't have lost much, and if he can still afford it going forward, he shouldn't be in a bad position. If he planned on only owning for three years, though, he was foolish to buy.

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