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House 500k. Down payment 5%. Interest 3.65%. PMI 182$. 30 yr. Rocket mortgage. Bought it in MD 6 months back. On H1B
Did it a year ago with 10% down payment and 7 ARM mortgage at about 3.7%
Please IM if you need advise, my wife processes home mortgage and I’ve bought 2 houses on H1B
350K. 20% down. 2.75 % 15 yrs.
Thanks guys, this is helpful. My husband and I are not ready yet - we need to resolve visa issues, but based on the numbers you posted, I think we can make it work when we are ready! Any good tips on research for house hunting?
Use Zillow or redfin. If you want 1% back, use a redfin agent. But since you are first time buyer, I’d highly recommend a good local agent (ebby halliday etc.) and an independent inspector.
20% down for good rates - 30 year fixed if u like to avoid market vagaries - ARM is a terrible idea for high cost homes > 1.5Mm