Is there one?
Talking to out 1st time homebuyer class instructor, she wouldnt stop talking about how u r starting off your homeownership with no equity and how
"bad" that is....
whats ur take on it?
potential scenario:
100% financing on 280K home at 3.375%
Starting Score: 526 EXP 09/2012 600 FICO 10/2012 608 EX (lenderpull)11/2012 
Right, but what if ur not planning to sell for 25 years or more (worst case scenario 15 years, but that is NOT what we want)....
What if the house is worth more than you financed it for?
I did 100% financing and have no regrets. They are still building in our subdivision and there is a housing shortage in our state so demand is higher than supply and home values are rising. We are planning on staying for a very long time. This is not a starter home, this is our dream home.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! 
Last App: 4/5/13 Gardening until July 2014
@tooleman694 wrote:
Not planning it but what if you had to for whatever reason
Right I guess i get that, but wouldnt the equity be growing with each payment... So even if we HAD to sell in 3 years or 5 years or whatever, wouldnt there be equity????? IDK. I guess i just dont see it as THAT big of a deal when compared to the 3% down option (8400$ down). but I just feel like im missing something. . . im too new at this to trust my own opinion lol
@MovingForward_2012 wrote:
I did 100% financing and have no regrets. They are still building in our subdivision and there is a housing shortage in our state so demand is higher than supply and home values are rising. We are planning on staying for a very long time. This is not a starter home, this is our dream home.
Exactly -- thats how i feel like we feel. It would be our "forever"home (until "forever" ends lol).