Hello r/personalfinance, I’ve heard a lot of horrible stories from this subreddit has me thinking that I’m incredibly fortunate: I have no student debt, my car is paid off, good credit (just started building credit thoiugh) staying with parents rent free, working my first job (after college) and saving ~$500 each week from my paycheck, and lastly, I have a family member who is a GC willing to build me my first house at cost . I’m near 10k in savings but after talking to a few people I’m afraid of what my mortgage will be because it will have to include the loan for a small plot of land (lot est. 30k and const. loan probably 200-250k). QUESTION: should I just continue soaking up free rent and saving money or can I start talking to a bank soon? Forgive me if I haven’t posted enough details, I’ll go reread stickies to make sure I haven’t taken a wrong turn.
Submitted October 16, 2017 at 06:27AM by MaxNumOfCharsForUser http://ift.tt/2gHNnc8
