Personal Finance
Updated: 2/14/2020
Personal Finance

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  • I need a $250,000 loan for a house.
  • Bank
  • Okay, but you'll need to pay a 20% down payment before hand.
  • After the down payment I have a $200,000 mortgage I have to pay off.
  • I can pay off the house in 30 years. That means I would have a $920 monthly payment.
  • Because I'm buying, I can make any changes I want to the house without having to ask a landlord first.
  • Because with a house, I can build equity and the house will eventually be totally mine.
  • Why did you decide to buy rather then rent? Renting is cheaper.
  • I'm so glad that I bought over rented.