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Message
Need advice
Posted on 6/18/15 at 9:48 am
Posted on 6/18/15 at 9:48 am
You can get a hell of a lot of house in Phoenix now compared to Nola prices. So what wld you do given my circumastances.
Thanks
This post was edited on 11/4/15 at 8:59 am
4
Posted on 6/18/15 at 9:52 am to birdieman
quote:
105k cash in bank.
Hope this isn't just sitting in a bank account.
Are you relocating and staying with the same company (same income)? That is a pretty important question for us.
quote:
I wld prefer to get a home I can pay off in 5 years or less, but with mortgage interest rates so low I am wondering if I should just bite the bullet and get more house now and shoot to pay of in 10 years.
Just get the house you can pay off in "5 years or less" but with interest so low right now you may be better off not paying it off so quickly.
Posted on 6/18/15 at 10:14 am to birdieman
have family here to help with the kid? trust me this not only can help monetarily but mentally as well.
as for the real advice needed. as other posters have said its what to do with that 105k in the bank. Quite a chunk of change you have that could be otherwise working for you.
as for the real advice needed. as other posters have said its what to do with that 105k in the bank. Quite a chunk of change you have that could be otherwise working for you.
Posted on 6/18/15 at 10:41 am to birdieman
18% into your 401k while making $130,000 and you only have $50k? If you didn't start saving this year, those numbers are weird.
Take some of your cash and max out your ROTH every year. Contributing 18% for retirement is plenty.
I would buy a house that will suit your for the next 10 years. Moving sucks. Put it on a 15 year mortgage with a 20% down payment and use the extra cash flow however you want (paying extra/investing/etc.)
Take some of your cash and max out your ROTH every year. Contributing 18% for retirement is plenty.
I would buy a house that will suit your for the next 10 years. Moving sucks. Put it on a 15 year mortgage with a 20% down payment and use the extra cash flow however you want (paying extra/investing/etc.)
Posted on 6/18/15 at 10:59 am to birdieman
Man I feel poor now.
About the only mistake you've made is this two-word thread title that might get anchored.
About the only mistake you've made is this two-word thread title that might get anchored.
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