I bought my home in 2005 on my own before I was married (making $57,200.00/yr). I borrowed $90,000 for a home in South Texas with a 5.5% interest rate. My current principal balance is $39,941.41. The home currently appraises at approximately $245,000.
Now I am married and our finances have significantly changed. My SO is 100% disabled veteran ($40,000/year benefit) and I work freelance from home making maybe $3000/year.
Kids have moved out and the 2-story home is no longer welcoming to our aging bodies. Our monthly costs come to approximately $2414/month, this includes power/water/mortgage…everything except food and car fuel.
We’re looking to buy a single story home in smaller town and our credit is at a point where any small thing has a huge impact. So much has changed since buying our current home that I don’t even know where to start anymore. Also, my SO has never owned a home. We are looking to move ASAP so any help is greatly appreciated. Please let me know if any further information is required from me.
Submitted May 07, 2021 at 07:38PM by ssshhhthatsasecret https://ift.tt/2Q0AFtZ
