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Reply to "Curious: where do the $$ come from??"
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[quote=Anonymous][quote=Anonymous]We did zero down and are dual income earners mid 30s, not lawyers, with 2 youths kids 350k hhi. One consultant and the other in sales. [/quote] How much was the house? And what happens if one if you is laid off or needs to work part time to help the kids? That is were the old maxim of 3x income came from (back when single income was norm), to have margin for health issues, major expenses layoffs; plus the SAHP could enter workforce in a pinch. Now two income buyers stretching (no money down, are we back to that crazy already), there is no room for surprise. I hope pp is now trying to save up money for a good emergency find since you didn't seem to have enough for down payment? Or are you just uber savvy and able to invest you hundreds of thousands downpayment elsewhere and make enough to cover interest and PMi?[/quote]
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