Personal Finance on Sidechat | What would be a smart way to purchase a house with 50k saved up + 4k monthly income - is it possible?

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Personal Finance 7w

What would be a smart way to purchase a house with 50k saved up + 4k monthly income - is it possible?

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Anonymous 7w

Depends vastly where you live and the cost of home you want to buy. 50k likely puts you below a 20% down payment so expect to be paying extra PMI insurance if you do purchase.

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Anonymous 7w

Very doable. You should even be able to get that on a 15 year loan to lower your total interest as well

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Anonymous

#2 5w

Should I not take out an FHA loan?

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