I want a house so bad I can taste it. I have got to get more serious than I am. I mean I deposit funds regularly but I think it is time to eat peanut butter and jelly for a while. I must admit I am a little jealous, my friend just purchased her second home (she is selling the other) and we are just a year apart and I have not even bought my first house. Yes, we make about the same and it seems like she is doing much better than I am. I know some times people steal from Peter to pay Paul and in her case that maybe the case, but the point is at my age I am sick and tired of living at home with my mom.
Well I guess I could look at the bright side in just a little over a year I will have my bachelors and that will be a really big accomplishment, the first in my family. And the money that I am saving is adding up, so I should have a nice down payment in two years maybe I can get a 15yr fixed vs a 30yr . I guess patient is a virtue
Disgusted
May 14th, 2007 at 12:31 am
May 14th, 2007 at 12:48 am 1179103735
May 14th, 2007 at 12:55 am 1179104128
May 14th, 2007 at 03:30 am 1179113437
May 14th, 2007 at 04:46 pm 1179161166
When you are ready to buy, don't be so quick to jump into the 15 year loan instead of the 30. The longer term gives you a lot of flexibility. You can accelerate your payments if you want to, but you can also pay the lower fixed payment and direct money to other things, like retirement savings, other needs and even some wants.
May 14th, 2007 at 05:07 pm 1179162445
May 14th, 2007 at 05:18 pm 1179163098
If I knew then what I know now, I'd have saved up at least 10% down before I even considered a house (20% is unrealistic in my area, at least at my income level). You are doing the EXACT right thing. Yes it's hard, but it is going to pay off HUGE some day. Like Dave Ramsey says in his books "Live like no one else today so you can LIVE like NO ONE else tomorrow!"
May 14th, 2007 at 10:53 pm 1179183182
May 15th, 2007 at 03:53 am 1179201194
I am the queen of impatience! I sympathize with your situation!
May 15th, 2007 at 09:22 pm 1179264148
May 18th, 2007 at 01:58 pm 1179496702
Another good thing to check out is the tax seized property for your area. Check with your local Tax Assessor. Once a year the local Tax Assessor here auctions the tax siezed land, and, if it doesn't sell then after a year you can buy it DIRECTLY from the main office of the State Tax Assessor directly. As an example a property down the street from me, assessed at $3,000.00 is being sold by the State for $300.00.
I understand how you feel about owning a home. I'm 45 and never had a home of my own and I want one so bad I can taste it also!
May 20th, 2007 at 01:06 pm 1179666405