Zillow Advice: Mortgage Rates - Should we buy or rent http://www.zillow.com/advice-thread/Should-we-buy-or-rent/470802/ Zillow Advice | Zillow Real Estate Have you tinkered with the ... http://www.zillow.com/advice-thread/Should-we-buy-or-rent/470802/ Have you tinkered with the <a href="http://www.zillow.com/mortgage-calculator/house-affordability/">affordability calculator</a>?&nbsp;&nbsp;&nbsp; monitor the calculator's estimates of taxes and insurance, as it tends to be low for CA (so do some further investigation).<br/><br/>At this point, you may be optimistic so perhaps should continue to rent. <br/><br/> Sun, 09 Dec 2012 16:50:00 GMT http://www.zillow.com/advice-thread/Should-we-buy-or-rent/470802/ 2012-12-09T16:50:00Z We are in Bay Area, ... http://www.zillow.com/advice-thread/Should-we-buy-or-rent/470802/ We are in Bay Area, California.&nbsp; Sun, 09 Dec 2012 16:38:00 GMT http://www.zillow.com/advice-thread/Should-we-buy-or-rent/470802/ 2012-12-09T16:38:00Z It is important for you to ... http://www.zillow.com/advice-thread/Should-we-buy-or-rent/470802/ It is important for you to post what city/state you are in as loan limits/programs vary. Sun, 09 Dec 2012 14:36:00 GMT http://www.zillow.com/advice-thread/Should-we-buy-or-rent/470802/ 2012-12-09T14:36:00Z The question is not so much ... http://www.zillow.com/advice-thread/Should-we-buy-or-rent/470802/ The question is not so much should you as can you. You will need to speak to a lender and let them address the issues. With a conventional loan they usually want somewhere between 10-20% down and you will be short on that if you want a $600k home. Maybe the lender has a trick up their sleeve to help, I would speak to the loan officer where you now have the $50k and see what they say since they already know you.<br/><br/>Tim Sun, 09 Dec 2012 14:03:00 GMT http://www.zillow.com/advice-thread/Should-we-buy-or-rent/470802/ 2012-12-09T14:03:00Z