So I am getting ready to buy my first home and I am a little over whelmed with all my options (neg am, fixed, interest only, options,etc...). So what are those that have bought new houses doing?
Interest only or even neg. am seems great if houses continue to appreciate at a moderate rate, but your pretty much screwed if the market takes a dump. Then again when median home prices are close to 700,000.00 in Ventura County so what options do you have? Also do you guys think it is better to finance as much as possible or put as much down as possible? I like the idea of keeping some money in the bank after I move in. Any suggestions?