aloha wrote:
Can you te...(恕刪)
I will tell you what I know.
The house price is firm as the developer's release. However, they got money back under table for upgrades and points purchase on their mortgage.
They purchase the max points they can get ( I beleive they spend around 20 K on points purchase ) then spend the others on the upgrade (lots of upgrades)
They do have the cash from their saving and family supports. They have the cash to pay over 40% on the down pay but I do not know what they actually end up paying.
They said they want to keep some cash on hand.
They get very good mortgage. The rate is 4.7something ( not actually sure) and they going to pay interest only for the first couple years(Not sure is 3 or 5 years?).
Therefore, they end up pay less then their renting now and will pay around $1500 on the mortgage after 3-5 years later.
The reason they decide to pay interest only on the first couple years is because they have a baby and only have one income source now.
His wife want to stay with baby at home for couple more years before working again. It's easy for her to get hired even in the bad time. She is a certify nurse.
They also know the house price might be droping but sometimes you need to do what you want not what you should in life.
After all, Life could be short.
Hoing these answer your question.
