http://philmur.com/2009/10/09/downpayment-4-benefits/ Sun, 06 Nov 2011 17:33:05 +0000 hourly 1 http://wordpress.com/ http://philmur.com/2009/10/09/downpayment-4-benefits/#comment-116 Mon, 15 Mar 2010 12:42:20 +0000 http://philmur.com/?p=457#comment-116 [...] I hope that I have sufficiently demonstrated that one must tread carefully when taking the advice of the real estate community in regards to the timing of when you should you buy a house as it relates to interest rates, home prices, etc.  When do I think someone should buy a house?  Outside of home market price considerations, my answer would be to buy when they have saved up a substantial down payment and have demonstrated by doing so that they can live within their means and afford the monthly payment of the house they wish to purchase.  For a more exhaustive treatment of the argument behind saving up a substantial down payment, see my blog post “Saving for a home down payment: 4 BENEFITS”. [...]

]]> http://philmur.com/2009/10/09/downpayment-4-benefits/#comment-62 Tue, 03 Nov 2009 17:24:32 +0000 http://philmur.com/?p=457#comment-62 [...] insurance may be helpful for some, if you buy a home you plan to live in for a while– and if you buy it with a decent down payment, there’s no need for these products and it adds yet more costs related to the home purchase [...]

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