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Old 06-30-2005, 03:07 AM
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Bluezy Bluezy is offline
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Default Re: First job and owning a home? Help!

Quote:
Originally Posted by 34saving
... If you don't have any sort of emergency fund and you still want/need a house you might want to consider putting 10% down instead of 20%.
This is fabulous advice! You are young enough and have time to build up equity, do not be in a hurry to get the mortgage paid. Enjoy having the tax benefits and a secure place to raise your upcoming children, for they pop up when you LEAST expect them Keep as much personal funding as you can for emergent expenses. You are most fortunate in having this kind of money available - use it wisely and you won't be caught off guard.

All the best for your future!

Bluezy
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