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I can only afford 10% Down payment, what should I do?

This is a topic titled I can only afford 10% Down payment, what should I do? made in the Mortgage Talk section, belongs to our Mortgage Chat category; Hi, allI live in the Bay area, San Jose Area. This is my situation, me and my wife gets around $80000 annually, our credit scores are around 730. We never ...








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Old November 19th, 2008, 02:09 PM   #1
Mike
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Registered: Apr 2008
Posts: 1,497
Default I can only afford 10% Down payment, what should I do?

Hi, allI live in the Bay area, San Jose Area. This is my situation, me and my wife gets around $80000 annually, our credit scores are around 730. We never wanted to buy a house, since it was around $500,000 before, but now it's around 300K-350K for a single house, we really want to buy a house, since the market is really low right now, but problem is that we only have around 5k in saving account now, since we spent all of our money for a investment(I KNOW, BAD CHOICE). Now we are renting, me...
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