You're having dinner with a friend and he's been at his job for a year now and making about $90,000. He is feeling sad because the real estate market is still going strong but he hasn't been able to save much money for a down payment. He would like to buy something now but has only been able to save about $10,500 for a down payment because he lives in the City and rents are so high. He works entirely remotely and is up for buying elsewhere if he can better afford it. But he is feeling frustrated because while he says he can probably afford the payments to buy a $300,000 home somewhere, in order to make a 20% down payment, he would need to save $60,000 which would take a long time What's one piece of advice that might help him now?

A.Interest rates are going to go down, so that will help with his down payment problem.

B.Check out an FHA loan that requires 3.5% down payment

C. Be patient and wait 4 -5 years until he has enough for a 20% down payment