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Replying to Avatar MichaelJ

We're being very cautious with our budget, for that reason. Our hope is to take out a 20-year mortgage and pay it off like a 10-year. Due to amortization schedules, the regular monthly payments are mostly interest until you pay down a decent chunk of the principal. If we can throw a bunch of money at principal early on, we'll be able to build equity faster.

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llamasrus 1y ago

yes, that is smart. It is a good time to buy if you’re buying with all cash.

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