My spouse and I do not
plan on buying a house in this market and are content saving / investing are money while renting.
If you plan
on buying a house in the next 5 years, your down payment should be parked in a money market account.
If you are not planning
on buying a house anytime soon, then you most likely have better things to spend your money on - a new car, perhaps?
If I am planning
on buying a house next year, and I have just enough for the down payment and closing costs, why do I not invest the money in stocks?
It might also be a good time to look into life insurance, especially if you're planning
on buying a house together or having children in the future.
This book was very easy to read and contained lots of answers to my
questions on buying houses that need repairs, fixing them up, and then selling them.
Congrats on buying a house!!
I'd highly recommend reading this
book on buying a house associated with the Wall Street Journal - it clearly describes the benefits and challenges of owning a house.
If you're not planning
on buying a house within range of Citi's services, you'll probably get better value with a lender that operates closer to home.
Personally I would hold off
on buying a house until you have the credit card paid down even more or paid off completely so that it is one less bill you have to worry about and once it is paid off you free up that much more money to maintain the home.
I might shift towards the house if you think you can save enough to avoid PMI, as the total savings would probably be more in aggregate if you plan
on buying a house anyway with less than 20 % down.
Check out our Homeownership Simplified section a for information &
tips on buying a house in Washington State as well as our handy calculators to figure out potential mortgages, closing costs, and more!
An inspection clause gives you an «out»
on buying the house if serious problems are found, or gives you the ability to renegotiate the purchase price if repairs are needed.
I am in a DMP and have been very carefully monitoring my credit as I am getting closer to having it paid off and am planning
on buying a house next year.
Personally, I wouldn't subject my house downpayment to the whims and fancies of the stock market — especially if I'm planning
on buying a house soon.
Congrats
on buying a house, too!
If you do plan
on buying a house, make sure that you don't become house poor.
However, I am young and don't plan
on buying a house any time soon.
On buying a house: you need to consider the impact of the economic cycle.
We got a home warranty on a central air system we knew (
on buying the house) was on its last legs - it took three years before it failed, and we still only got paid on half of it because both halves (outdoor and indoor) never fail at exactly the same time!
So, if I don't plan
on buying a house or a car then my credit score is much less important to me.
If you have a financially stable older brother, for example, who plans
on buying a house or a pricey car in the near future, he'll probably be hesitant about taking on this expensive burden, even if he trusts you to repay it.
Some people say you should invest while you're renting but at the same time if you plan
on buying a house, investing is not a good idea.
I'm not planning
on buying a house or a car or a boat anytime soon.
I am planning
on buying a house and I have not so good credit.
We are planning
on buying a house and, as we all know, houses are way too expensive here.
Also, if you're planning
on buying a house in the future, it's extremely difficult to purchase a house while on an income driven repayment plan because of the mortgage and lending requirements around your student loan debt.
«Your credit is important to monitor and protect, even if you are not planning
on buying a house or financing a car or using a credit card,» says Moyers.
If I am not planning
on buying a house or a car in the next few years, how concerned should I be about the impact on my credit score from credit counseling or debt settlement programs?
If it were my money, I think I would hold off
on buying the house.
We do plan
on buying a house and we will need to replace at least one of our cars soon.