Well finally my wife and I are planning on buying our first house. Very excited but nervous, any advice you guys have on financing, fees, and such would be helpful.
Don't be in a hurry, housing is still dropping in value in Michigan.SweetEmotion said:Ya there is alot to choose from. I want to spent 100K-115K gotta keep it affordable so I can still boat alot. . Its time we`ve been living in apartments for 10 years :confused1 . To rent anything good with at least two bedrooms runs $700 and up. :angry1: Might as well buy instead of throwing my money away every month.
519DVX said:I bought my 1st house 3 years ago, so the amounts they're willing to loan you have probably changed since this whole real estate mess. Anyway, I borrowed only 2/3 of what they were willing to give me. I'm SOOOO glad I did. If I had maxed out, I'd have been broke.
The other thing that I knew going in but was still surprising was the amount of money it takes to move in. Buying furniture and everything for the kitchen/bathroom/etc got expensive quick. I moved from my parents house though. You moving from an apt will lighten that load a lot.
Also, pay 20% down if possible and eliminate PMI.