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[quote=Anonymous][quote=Anonymous]Hi, I have about 600K saved up and would like to buy a house. I am a single mom of 2 young elementary school kids, currently living at my parents place (paid off) in Arlington. The houses I’m looking at in Langley school district are around $1.1-1.4M range, townhouses and SFH. I make $200K and have been pre approved for 1.45M with 5.25 ARM rate for 5 years. Do you think I should put down all my money or just 20%, obviously putting down a bigger chunk will lower my monthly payment. Or should I just put down 20%? The SFH are in the 1.3 to 1.4M range, is that stretching it (about 7-8K) monthly payment. I don’t have any other debts. I have it all currently invested in a brokerage account. [/quote] I thought we learned our lesson with ARMs in 2009? No to this [/quote]
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