EYL #158 The Real Deal: Getting Real About Taboo Money Questions
Earn Your Leisure
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Are You Going to Have to Rent?
There's nothing wrong with renting. Rent until you are ready to purchase a home. Make sure that your mortgage is less than 25 % of your take home pay. Do you have enough money to at least get you into the home, and you have six months on reserve? If we could put down 20 %, we'll avoid a pan mit as a private mortgage insurance.
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