[quote=UCguy]Anybody else thinks that it’s best to wait to save cash for 20% down, rather than borrow from 401K?[/quote]
Ideally yes. But it may not work for your time frame.
PMI is giving money away. You guys have great income… Can you maximise your savings to get the 20% as soon as possible – it will save you $ in the long run. And I already voiced that the 401k thing can bite you big time if one of you has a job change.
Channel your inner cheapskate and penny pinch and save till you have your 20% down.
I agree with AN that Mira Mesa should be considered. The schools are better than the perception if you look at API scores. (This board and AN opened my eyes to that. I suffered the common misconception that Mira Mesa schools were sub-optimal.) It’s a better commute to UCSD so that’s a bit of a trade off for the longer commute to north county.
