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SVTPerformance's Chain of Restaurants
Road Side Pub
Stay or sell, home related
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<blockquote data-quote="nxhappy" data-source="post: 16360800" data-attributes="member: 50238"><p>most loans you only need 5-6 percent down conventional ...400k X 6% thats 24k ...not sure why you would put down 100k on the house. unless the debt to income is too high, in which case you should not be buying that price range. For capital gains, that only applies if you have lived in the home for under a year. If you live in the home for 1 year and 1 day, you avoid the capital tax.</p></blockquote><p></p>
[QUOTE="nxhappy, post: 16360800, member: 50238"] most loans you only need 5-6 percent down conventional ...400k X 6% thats 24k ...not sure why you would put down 100k on the house. unless the debt to income is too high, in which case you should not be buying that price range. For capital gains, that only applies if you have lived in the home for under a year. If you live in the home for 1 year and 1 day, you avoid the capital tax. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Stay or sell, home related
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