Posts by copperdrifter68

Yeah, I phrased that a bit clumsily... but a buddy of mine once told me he spent ages saving up, only to find out the loan amount he qualified for based on those savings was tiny. So, obviously, he just dumped all that cash as a down payment to secure a "normal" mortgage—around $140k. That’s what I was getting at...

And regarding my dilemma... should I go with Wells Fargo or JP Morgan Chase? Any thoughts?

Thanks

anyone actually here??

Thinking about putting money into a housing savings plan. Honestly, the interest isn't even the main draw—it’s more about being able to snag a mortgage once those five years are up.
So, here's the real question: after that five-year mark, can I actually leverage that savings plan to land a "normal" mortgage for an apartment? Like, I'm talking $250k–$350k range, not just some tiny $20k loan based solely on what I saved.

Also, any bank recommendations? Right now, I'm torn between Wells Fargo and JP Morgan Chase.

Thanks in advance.