[quote=scaredycat]pay w/ fha, 3.5% down, get it back with 8k in tax credit. zero at risk[/quote]
Correct me if I am missing something, but couldn’t you do something better with that 8,000 bribe than use it to cover the FHA origination fee or mortgage insurance?
In my case, the difference between 15 percent down and 20 is $18,000. But I end up paying $1400 a year in PMI until that can go away and something like 70 extra a month in mortgage interest. It adds up. And the inflation question just gives me a headache. Thinking hurts.
