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Reply to "how the hades did you save a six figure deposit?!"
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[quote=Anonymous]We're around 180k HHI. We're going to make about 100k off this house we're in now (which is NOTHING compared to what others are making...we bought at totally the wrong time) and we are super fortunate that each of our parents is gifting us 40k each. Without that 80k, we were just going to basically sit around and keep saving and paying down our current mortgage (townhouse) and hope for the best. FTR - we bought 10 years ago with only 17k down. Only now that we're trying to move up to a SFH are we in a position where we really have to come up with 20% because, for the price range we're looking in, we can't afford a mortgage more than 80%. [/quote]
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