Originally Posted by
ItsJustShelli yea...i hate to be the one to tell you, but its very expensive to buy a house...and to have the 20% to put down to avoid Property Mortgage Insurance, which costs extra. and if you get one of those loans that you only put like 1% down, after a 1yr or 3yrs. the percentage rate goes up costing more monthly! its just insane, and the amount of money the bank makes over the top of the mtgd amount--like in example-if you buy a house for say $250,000 on a 30 yr fixed with $25,000 down.- now the bank loans you $225,000--by time you get done paying that over 30yrs-its almost 400,000 that you've paid!:eek:so they get their 225 back plus 175!