My spouse and I make a combined $110k a year and have $100k in savings. We have about $60k in debt including an auto loan and student loans.
We are purchasing a house for $145k.
I was planning on putting about 27% down on the house and shop for the lowest APR and closing for the mortgage. Is this a good idea? Why or why not?
The lenders are wanting me to do a small down payment, take on PMI, but take tax breaks on the interest paid. But I thought this deduction wouldn't help much.
Submitted April 07, 2017 at 01:46PM by frisbeefreak http://ift.tt/2nmVYGr
