Jube and I have recently visited some houses in our area. We are currently renting a house for a very reasonable rate (from a family member), so we've been able to save up some money. (You might remember we bought a car in November; we've also bought tickets for France, Guatemala, and Las Vegas this summer, and we've still been able to put money in our savings account, if that tells you how little we've been paying in rent.) Then recently, I noticed a nice house for sale in our neighborhood. The real estate market has been very bad in the US for home owners... but that makes it a "buyer's market," right? And interest rates are super low, right?
So, yes, we've visited houses and gotten pre-qualified for mortgages. And then when we consider the monthly charges and a 30-year loan, we both get scared. Neither of us are sure about buying a house, but we almost feel obligated to look. We both wish we knew more about the whole process!
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2 comments:
things like 30year loans make me verrry nervous!
i think it's great that you guys are looking and this neighborhood is a prime place to look because of the size of the houses and the kind of out-of-the-way location. if you asked family members, you might even get some help on a down payment. and you guys could handle a fixer-upper with your ability to live in and work on a house like you've been doing already. i'd be happy to talk to you about the process and even help you look. the thing about rent is that it's down the drain........... xxx, robin
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