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I dunno...still trying to figure out how a first time buyer ever buys a house?
Not trying to be difficult; but even with a lenient mortgage lender going up to, say, 40% of monthly gross income for PITI, a 500 k house at 6% just for principal and interest (assuming no money down) would be about $3 k a month, meaning an income of, say, $7 k a month or $84 k a year.. How many 24 YOs make that kind of money?
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Bob S. former owner of a 1984 silver 944
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