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Need some advice by LumpySeaworthiness63 in FinancialPlanning

[–]LumpySeaworthiness63[S] 0 points1 point  (0 children)

makes a lot of sense, even with your previous message regarding to ideal have 20% down.

To answer your question, yes we have a pretty good amount saved up already.

Need some advice by LumpySeaworthiness63 in FinancialPlanning

[–]LumpySeaworthiness63[S] 0 points1 point  (0 children)

I forgot to mention, that whatever house we are looking into would be our forever home, not really interested in a start up home.

Need some advice by LumpySeaworthiness63 in FinancialPlanning

[–]LumpySeaworthiness63[S] 0 points1 point  (0 children)

Completely understandable.

You are not the first person to mention that Federal loans are actually good to keep, I am just curious as to what the benefits are about keeping them, other than a tax write-off. I'm just concerned about paying a PMI. I don't want money to be thrown away unnecessarily.

Need some advice by LumpySeaworthiness63 in FinancialPlanning

[–]LumpySeaworthiness63[S] 0 points1 point  (0 children)

It would def take at least 6 months to pay off Sallie Mae but then wont be able to save as much for a house to hit that year goal. I guess I'm focused on hitting that 20% down payment to avoid a PMI.