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alexseven7

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Buy a home now fha, or wait 1 year when I have 20% down to avoid mortgage insurance.
I want to buy a home, but I don't know if I should buy it now with a low down payment on a 350k home or wait 1 year when I will have saved up 20% down payment and avoid the mortgage insurance add-on. The only thing i'm afraid of rising interest rates and home prices increases. I think my mortgage insurance premium would be around 400 a month. If I wait i wouldnt have that extra $400/month payment, any advice?

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