Buying a house

[Pete]

Come to Pete.......

 

[FastCarsSpeed]

Magnum now realize when you become a homeowner your car insurance rate will possibly drop. That might help off set the cost of the car payment.. Also eat raman noodles for a while and suck it up hehe.. One other small option is a part time job to cover the extras.. I know alot of young people who used to do that.

 

[Magnum]

Magnum now realize when you become a homeowner your car insurance rate will possibly drop. That might help off set the cost of the car payment.. Also eat raman noodles for a while and suck it up hehe.. One other small option is a part time job to cover the extras.. I know alot of young people who used to do that.

Well another dedution might be in taxes. I have none now, except myself, and I'm in PG so taxes are higher anyways. I thought about just buying a few acres somewhere so I could play in my truck and do some hunting.

 

[Makavide]

With the price of houses around here, I believe you would start building equity the day you go to settlement.

True, with the housing market around here, the prices keep going up so you are earning equity due to the increase in the market value. But it still takes a few years for the loan balance to start making dramatic changes. So for the most part, the first years of payments for a regular mortgage are primarily interest.