Personal Finance (Not Investing) • Best way to be a first-time home buyer if I intend to move in three years?

That is my concern.

Then buy the large house you actually want to live in. See if you can qualify for a lower downpayment loan with PMI. Or an interest only mortgage. Or an ARM. Or a 40 or even 50 year mortgage.
If you still can't qualify to buy the house you want, sell part of your portfolio to increase the downpayment. Or take a 401k loan.
Just don't buy a house you don't want to live in and plan to sell in 3 years. That makes absolutely no sense.

Statistics: Posted by madbrain — Sun Apr 07, 2024 2:46 am — Replies 87 — Views 9197

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