- June 23, 2008 at 12:36 am #258724
First thing … be out of debt. (Think you're on that one already.)
Second, have 6 months of household expenses in savings.
Third, have 20% down payment in hand. And get a 15 yr mortgage, not a 30 yr. And get a fixed rate.
On condos, be aware that even though you own the condo from the inside in, but they will always charge HOD for the outside, that can go up at anytime. Do lots of checks on things like siding rot, roof, etc. You can buy and then find out that they need a new roof and will charge you immediately. Unplanned bills are ugly!!!!
For those of us on budgeting, we are not usually interested in “the ultimate car or house” – those things are rarely of lasting value compared with the focus of spending less that we take in.
On Sun, Jun 22, 2008 at 5:36 PM, miriammitchell2003 <email@example.com> wrote:
I've watched a lot suject go on in the budget101 group but i havn't
seen any subjest on money? trying to purchase that ultimate car,
condo, house, or finding ways to put your kid though college.
well my situation is i want to buy a condo, and my credit is not that
great and I'm trying to figure out how long is this going to take. I”m
rooming with someone hoping to pay off some bills so i can at least
get some footing. any suggestion?
Matthew 22:37 – Love the Lord your God with all
John 13:34 – Love one another
Matthew 28:19 – Go and make disciples
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