Sometimes people have to move to afford a home. I bought condo, now a townhouse, next move into house. Will I get a 30 year fixed? Probably and I'll be the person who took 50 years to pay off 30 years. Of course since I bought at 22, I would have to finishby 52 to pay off a house. Where we live now average home price is $750k. Pretty hefty to pay that baby off asap.
But pipe dreams. Much like monkeymama, we're about the same age and have equity as well. So if we moved somewhere cheaper, we'd be in good shape. Basically anywhere that homes are less than $750k we'd have 20%.
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