LSUGUMBO New Orleans Saints Fan Shreveport, LA Member since Sep 2005 5307 posts
re: In debt to well off in 1 year (Posted on 1/1/13 at 10:28 pm to Danchase)
When my wife and I moved in together, she was about $20K in Credit card debt. We committed every spare dollar we had and paid it all off plus some in just over a year. It was a very gratifying feeling. Congrats to you, man.
fishfighter LSU Fan Baton Rouge Member since Apr 2008 20494 posts
re: In debt to well off in 1 year (Posted on 1/2/13 at 7:02 am to Danchase)
quote: At this point it's conceivable for me to save upwards of 50% down payment on a home depending on how the market does in the next 5-15 year. I'd like to not buy a home at all while I'm in the military but that can change depending on several factors
With intrest rates were they are at, one would be crazy NOT to buy a house now. The future will show that rates will be going back up in the 7% range in the next 3-4 years.