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Message
re: Home buying advice
Posted on 6/24/21 at 9:09 am to TorchtheFlyingTiger
Posted on 6/24/21 at 9:09 am to TorchtheFlyingTiger
quote:
Don't understand the idea of buying a home together before marriage
I'll take it one step farther. I don't understand moving in with a woman before marriage
0
Posted on 6/24/21 at 10:39 am to HermanBoone
(no message)
This post was edited on 7/25/22 at 5:12 pm
Posted on 6/28/21 at 4:07 pm to HermanBoone
Nationally, home equity went up 13% this year. Home equity will continue to go up. We have a housing shortage so if she is ready to invest in a home, and as long as she has an educated lender, she should be able to afford it. There are a lot more factors in qualifying for a loan.
Posted on 6/28/21 at 4:28 pm to HermanBoone
Let her buy the house and if the market crashes just don't marry her.
Posted on 6/28/21 at 4:42 pm to HermanBoone
Takes home $45k? So I’ll assume she grosses in the neighborhood of $75k but regardless, based on what you have said, she has $2200/mo after expenses.
She has $50k saved up and y’all would have the option of putting down anywhere from 5-20% with a mortgage payment incl. escrow of $1000-$1200 a month.
This house is absolutely affordable. Y’all could put down 10% and she could lose her job tomorrow and would still be able to float y’all for a year.
She has $50k saved up and y’all would have the option of putting down anywhere from 5-20% with a mortgage payment incl. escrow of $1000-$1200 a month.
This house is absolutely affordable. Y’all could put down 10% and she could lose her job tomorrow and would still be able to float y’all for a year.
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