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Reply to "Is it possible for me to buy this house?"
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[quote=Anonymous][quote=Anonymous]Any chance you could wait till you're able to put down 20%, ie $150k? Cos' you're going to take a hit (every month going forward) due to mortgage insurance if you put down less than 20%. You could accelerate your savings but limiting 401k contributions, say for 3-6 months, so that you're in a position to purchase the house, once house is bought you can make up for the lost 401k contributions later in the year. Assuming that your HHi of 300k will hold for the next 3-5 years [b]could swing it[/b]. Best of luck.[/quote] ...meant to say that "[b]you[/b] could swing it"[/quote]
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