The answer is simple.... NO...12K/month equates to 144K a year. Lenders are going to assume you can achieve easily the 3.5% downpayment. 20% just means you are avoiding PMI for the life of the loan.
The answer is simple.... NO...12K/month equates to 144K a year. Lenders are going to assume you can achieve easily the 3.5% downpayment. 20% just means you are avoiding PMI for the life of the loan.
Starting Score: 565