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re: Will be totally debt free in about three weeks. Where to put extra $?
Posted on 1/8/13 at 10:50 am to htownjeep
Posted on 1/8/13 at 10:50 am to htownjeep
quote:
But then again, if it's all good in 3 years then I'll be kicking myself because I could have the land paid off and only worry about the $ for the house.
You'll also have the money that you would have used to buy the land sitting in a savings account.
If I were you I would find out how much the land is going for in the neighborhoods you are looking at and figure out what a payment for that land would be and then put that amount away into savings until you are more sure on the future.
2
Posted on 1/8/13 at 10:54 am to SLafourche07
quote:
SLafourche07
Winner!
Posted on 1/8/13 at 10:57 am to SLafourche07
If you want the land, and interest rates are near bottom, why would you wait? Also, factor in taxes/insurance/grass cutting? on the land for the time it is idle.
If you do purchase, then you can get someone to draw house plans, landscaping etc.
If you do purchase, then you can get someone to draw house plans, landscaping etc.
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