With owning a house it's not just the mortgage you have to worry about. For example, I went from an apartment to owning a house and the whole concept of maintaining a yard was new to me and I didn't have any of the necessary tools. That's a pretty big expense. Depending on where you live there could also be H.O.A. fees, not to mention property tax. Not trying to dissuade anyone but there's a lot of things to consider.
The Ohio Random Thread... aka We Should Probably Be Working
- Thread starter THE Phen
- Start date
^ i know what you are saying but ive been looking around and am hoping to buy this summer, ive calculated mortgages around me with property tax, and homeowners insurance into what the monthly payment would be... im still looking at getting into a house for about 100 bucks more than my rent
its not as unattainable as some might think
and yes i know all the potential costs that come with it, my parents used to buy and flip houses or fix them up to rent them out...
its not as unattainable as some might think
and yes i know all the potential costs that come with it, my parents used to buy and flip houses or fix them up to rent them out...
I could afford a small house perhaps, but then I wouldn't have any money left over for race car parts. I only make about $2200 a month. Thus I'll wait until Tessa get a job and all my bills will get split in half. I'm cheap like that. haha
But I want to set up a garage once and for all, or hang that painting without knowing in the back of my head I will have to take it down and move again in a year or two. But having a 30 year mortgage scares the crap out of me. I don't have any debt or credit cards and all my cars are cheap and were paid off in a year or two. I can't imagine buying a new car and being $25k in debt. That would mess with my anxiety fo sho.
Ugh, money. I hate money.
But I want to set up a garage once and for all, or hang that painting without knowing in the back of my head I will have to take it down and move again in a year or two. But having a 30 year mortgage scares the crap out of me. I don't have any debt or credit cards and all my cars are cheap and were paid off in a year or two. I can't imagine buying a new car and being $25k in debt. That would mess with my anxiety fo sho.
Ugh, money. I hate money.
Yeah I couldn't imagine being only $25k in debt after buying a new car either
yeah you know he is old when he thinks 25k buys you much of a car these days... LOL
Evan, that's about what I take home also, and depending on what you are looking for, that's not hard to find a house in your price range.
We were planning on looking this summer, but things got expedited recently, and hope to find one in the next few months.
We were planning on looking this summer, but things got expedited recently, and hope to find one in the next few months.
princess peach
Member
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- '92 Miata, '06 MS6
Pumpkin, you can definitively find a nice place with that kind of money but I understand having a hard time committing to the loan
30 year loan is easy to commit to, in that time span you can refinance for a lower payment, do a recast for a lower payment, move to a new house and use what you've paid as equity towards the new one. With rates as low as they are right now it's not like the interest is going to have huge effects on your payment either.
I make less than you and I got approved for $115,000 mortgage on top of a huge car payment
I make less than you and I got approved for $115,000 mortgage on top of a huge car payment
Agreed, but when I started my house hunting I factored in property tax and home owner's insurance as costs. Most of the places I found around here come out to about 50-75 dollars less a month than my current rent with property tax and homeowner's insurance included.. Even with the increase in electric bill would offset the savings from renting. Now with renting you really don't have to pay for anything that breaks, except with mine where you have to pay certain fees for major appliances breaking.
You can get a V6 Camry or a really nice I4 Camry for about 25k. Heck, you can get that Veloster Turbo for under 25k.
princess peach
Member
- :
- '92 Miata, '06 MS6
yeah, but do you have good credit?? I'm working on improving mine
that does help
yeah with my credit and what i make each month i am more than willing to bet i could get approved for a mortgage more than double what i actually want to spend haha
of course in DC area 528k gets you a condo right
hahai grew up in Chambersburg, PA and around 2005-2006 alot of people started selling condo's in DC and coming and building 200-300k houses in Chambersburg for what they sold their condo's and townhouses for in the DC area
what does that really get you in the DC area?
