Hi Everyone,
My friend is going to buy a house. She is not mustachian in any way, but she does live within her means and not keep any debt besides a car payment. I have done my best to make her come around to mustachianism, but she's just not ready, and I get that and I am not going to (and can't really) push her. So now, she has decided to buy a house for herself and her son, and she has asked me a few questions, having absolutely no idea about the process, and looking up to me as someone she trusts with her finances.
I am looking for a post or two that I can point her to that shows some really basic things about how to buy a house. She doesn't really like to read much, so it would have to be something realllly simple, that would help explain in brief terms about why PMI isn't ideal, why you should have a down payment and how much it should be, why you shouldn't borrow more than you can afford etc... Ideally she would go look for the answers herself, but she just probably won't, and I would like to help her avoid making a HUGE mistake if I possibly can. I was wondering if anyone knew of a good article like this that I could point her to in good conscience (IE MMM, Jcollinsnh, etc). Thanks!!