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RE: August Downpayment fund update
Wow, 176k BKK is 28,185.71 USD that is a lot to save up for! I am amazed you were able to save up so much in one month! Congratulations! With this, you will have a much smaller loan that most people! That is really amazing. Thanks for sharing!
Yeah, it sounds like a lot, but remember that a modest fixer upper is 800k here. But I guess you are right to some extent. Most people just have the required 5 %, while we are aiming for 20% plus the cost of buying. 8000 is a lot to put away in a month for sure. We are very conservative on how we spend our money and ever since we got the okay from the bank we've been looking at ways to save even more.
I'm handful for the US Military benefits for buying a home. We would have never been able to get one of it weren't for my husband having had been in the military. We didn't have to put a down payment because of that.