I did a strategic default on a property I no longer wanted to sink money into (black mold, bad roof, etc) two years ago. It had remarkably little effect on my credit rating, but in order to get the best mortgage, I need to wait until next October.
Meanwhile, my wife's credit is good enough to get what we want now by herself. Our lease is up next September and it would cost us ~$1800 to break it.
We've pretty much been thinking that it makes the most sense to wait until September and go month to month ($50/mo extra) and find a house then.
Am I missing anything?
Also, the last remaining child at home is college bound (16), but may or may not continue to live at home. How much should we take his needs into account in our home buying criteria?
Submitted November 11, 2017 at 05:39PM by da0ist http://ift.tt/2ADPhCT
