Hello Everyone!! I was hoping to get some unbiased advice so I can set a realistic and reasonable goal over the course of the next year or 2. I’m considering buying a house within the next 1-2 years and I’m trying to figure out at which point I should do it. I just signed a lease that will end June 30th, 2021. At that point, I should have around $30K saved up (No debt; this does not include my 6 month EF). Homes in the area I’m looking range between $250K-$300K so that wouldn’t suffice as a 20% down payment. Should I just plan on putting the $30K down or wait another year? If I wait another year, I’ll likely have around $90K for the down payment. Honestly, I’d like to move sooner rather than later because it makes letting my dogs out really simple and I’d just like to have a place to call my own.
Let me know your thoughts. Advice is greatly appreciated!!
Edited to add:
My current rent: $1604/month
I’d be financing the house on a 15 year loan whether I bought the house in 2021 or 2022. It’s just a matter of the down-payment.
Submitted April 19, 2020 at 10:59PM by ArsenicCube https://ift.tt/2KhOcXF
