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re: House purchasing after college
Posted on 3/2/13 at 2:49 pm to GenesChin
Posted on 3/2/13 at 2:49 pm to GenesChin
Where do you plan to live after college? Do you plan to stay there your whole life? In 5-6 years, when you're making 150k, is your wife going to want to have kids and quit working for 10 years? How much would a house be at your location that you could see yourself staying for 20 years and raising a family? If you can find a home that you would be happy to live in for twenty years with enough room for future kids, I'd probably stretch my home budget as much as possible in your situation (250k-350k).
1
Posted on 3/2/13 at 10:22 pm to Ric Flair
With these interest rates and that down payment 250-300k and you could still live comfortably even at the high end. If you put 50k down on 250ish you could avoid PMI.
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