[sighing]

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i did 80/20

i can afford the payments and also pay 250/month extra onto the 2nd (higher interest) mortgage for the 20 to save lots of money in interest and pay it off faster


i don't care if it's a bear market; i can afford my payments and i went FIXED, which is most important; those that went ARMs that come up when rates are higher and they are upside down in their mortgages will be in trouble

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A lot of 80/20's are pitched with some form of adjustable rate.. that's the biggest problem. Assuming you have a fixed rate, you should be okay unless some congressman jams through a provision to make your source of income illegal. But that's pretty unlikely.

Anyway, if you can't afford a 20% down payment, you shouldn't get the house, imho. That doesn't mean you need to MAKE a 20% down payment, but if you don't even have the option, you're setting yourself up for a whole lot of risk in the future.