My boyfriend and I have saved up $80k for a house (we get free housing/utilities from his job right now but he doesn't want to work it forever). Our target house would be $120k-130k. I know that the down payment would be approx. $24k-26k.
When we're ready, what is the smartest move? Will a homeowner offer a discount for an all cash offer? Or should we pay for only the down payment, have some money for savings, and take out a loan?
Fyi I have a 765 credit score.
Edit: the free housing is a house that they provide us and for which they pay the utilities. It's not in the greatest shape.
Also, we have a young child and are rather risk-averse.
Submitted August 31, 2018 at 05:24PM by abui2931 https://ift.tt/2LKBPl1
