Volunteer08
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Hey folks,
First time home buyer here. My wife and I got preapproved a few weeks ago and have started going to see some houses with our realtor.
Any advice on the process that could come in handy?
TIA
Hey folks,
First time home buyer here. My wife and I got preapproved a few weeks ago and have started going to see some houses with our realtor.
Any advice on the process that could come in handy?
TIA
I bought a house in 2016. The housing market was crazy. If we saw something we liked, it had a contract on it within days. Often by the time we got to visit.
I highly recommend downloading the Zillow app and the Realtor.com app. I actually found our house on Realtor.com, before my realtor did. Visited on a Tuesday and had a contract on it by Wednesday.
20% is not doable for us. More like 10% - Were in a position where we either need to commit to buying a property or commit to renting 6-12 months. Rent in this area is expensive - 1,600-2k for something very modest in south Florida.
We have 45k saved and need to cover some closing costs. My wife and I do well and are going the 30 year mortgage route. Home prices here are very high and I dont know anyone in our circle that has been able to do a 15year mortgage.
Ill look into the ARM options. Right now rates are 3.8-4.0 for great credit so thats another reason Id like to go ahead and get in the game.
20% is not doable for us. More like 10% - Were in a position where we either need to commit to buying a property or commit to renting 6-12 months. Rent in this area is expensive - 1,600-2k for something very modest in south Florida.
We have 45k saved and need to cover some closing costs. My wife and I do well and are going the 30 year mortgage route. Home prices here are very high and I dont know anyone in our circle that has been able to do a 15year mortgage.
Ill look into the ARM options. Right now rates are 3.8-4.0 for great credit so thats another reason Id like to go ahead and get in the game.
20% is not doable for us. More like 10% - Were in a position where we either need to commit to buying a property or commit to renting 6-12 months. Rent in this area is expensive - 1,600-2k for something very modest in south Florida.
We have 45k saved and need to cover some closing costs. My wife and I do well and are going the 30 year mortgage route. Home prices here are very high and I dont know anyone in our circle that has been able to do a 15year mortgage.
Ill look into the ARM options. Right now rates are 3.8-4.0 for great credit so thats another reason Id like to go ahead and get in the game.
Hey folks,
First time home buyer here. My wife and I got preapproved a few weeks ago and have started going to see some houses with our realtor.
Any advice on the process that could come in handy?
TIA
Look at an amortization schedule and consider lowering your budget. The payments on the front end of a 30 are basically all lost to interest.
I know that's tough to digest at this point in your life, but building equity is a beautiful thing.
Not many people are going to be able to afford a 15 year mortgage in South Florida. You people act like every place in the country is McMinnville or East Ridge...
Anything decent nowadays is going to run you $300k in Nashville alone. No telling what they want in South Florida.
Not many people are going to be able to afford a 15 year mortgage in South Florida. You people act like every place in the country is McMinnville or East Ridge...
Anything decent nowadays is going to run you $300k in Nashville alone. No telling what they want in South Florida.