[OC] House price you can afford by paying 1000/month for 30 years vs. interest rateSubmitted by hmiamid t3_xy7qym in dataisbeautiful
Bells_Ringing t1_iriie2p wrote
Reply to comment by Emfx in [OC] House price you can afford by paying 1000/month for 30 years vs. interest rate by hmiamid
The lender wanted 20% down? That doesn't seem outrageous if they are the perfect borrower. In a rate change environment like this, to get the best available rates, the banks need the best assurances of repayment and Loan to value.
They likely could have out less down but their rate would have been higher if the banks are assessing an increased risk right now.
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