Quote:
Originally posted by Nathans_Dad
The real question centers around whether you have the closing costs and down payment put together. Not sure of your situation or if you have looked into your mortgage options yet, but if you can't get close to 20% down expect to pay PMI. Not a big deal, my wife and I pay PMI but I would avoid it if I could  .
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To avoid PMI, a buddy of mine took out two loans. One for the house and one for the 20% downpayment. Sounded crazy to me but perhaps that's an option.
I think the market is due for a correction and prices will come down in the next year or so...but who knows.