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Real Estate
Reply to "HHI 350k, how much house would you buy?"
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[quote=Anonymous][quote=Anonymous]Op here, we've been preapproved for 1.2 million with a 3.9% interest rate for a 30 year fixed, no PMI. Dh's job is stable and our income should remain the same or slightly more in the future but not too much more. We have saved up a bit more liquid, but I was thinking it might be better to keep some cash for emergencies and put less down. [/quote] Who has preapproved you for 1.2 million w/ no PMI and only 10% down payment (from your first post)? Everywhere we look for a jumbo it is 20% down plus at least 8 months of reserves. [/quote]
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