I make a comfortable income for my age and am contemplating a large down payment relative to the home price. Would this be a wise choice?
I make a comfortable income for my age and am contemplating a large down payment relative to the home price. Would this be a wise choice? Is it dumb to consider putting down 75k+ as a down payment on a house worth 140k? For context, I’m a 22 year old male, have my CDL and I’m making 80k a year. I don’t have expensive taste in clothes, no debt, and I drive a 10k car with higher mileage. I live with my gf (20 f) and take care of all of the bills, utilities, etc because I want to. M…