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re: Your first house

Posted on 9/22/11 at 8:04 am to
Posted by Chris4x4gill2
North Alabama
Member since Nov 2008
3092 posts
Posted on 9/22/11 at 8:04 am to
2006
150K
20% down
24yrs old
Posted by tiger91
In my own little world
Member since Nov 2005
36817 posts
Posted on 9/22/11 at 9:22 am to
1993, 24 years old, $83,900, 5% down and don't remember the interest. Note with taxes/insurance was less than our rent house.

LOVED that house ... all 1297 sq ft of it. Sold it for $92K 4 years later. That hood in BR is now selling (well listing) for $150s.

Best thing that we did was NOT buy for an amount that we weren't comfortable with ... agent kept saying "but you've been approved up to $130K" .. I was like, lady we would like to eat and provide for our child!

Changes about the first house? None. We loved it, were comfortable with what we paid, it was less than rent and we got the interest to write off on taxes.

Good luck.
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