Quote:
Originally Posted by Buehler445
If you could provide 20% equity I'd say do it in a heartbeat, but the risk you face if the economic conditions slow down in your area, the value of your house will decrease and you will have negative equity in your house. If you had some equity, you could handle a little uncertainty, but banks get hella jumpy at negative equity loans.
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I understand
What options would they have if I was making payments?
What does jumpy mean?
I'm a first-time home buyer and working on paying down educational loans, and would rather not put a significant amount down