Buying a House - College Student
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Thread created 03-21-2013 by cbtexan04
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Yeah, handyman is the type of occupation most women would go gaga over. Wow he fixed it and saved her from that terrible problem that her husband or son are vulnerably incapacitated/demasculated? ...
Buying a House - College Student
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Thread created 03-21-2013 by cbtexan04
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No carpet, foundation covered for 10 years, settling cracks and such for 3 or 5, can't remember off hand. :) thanks again
Buying a House - College Student
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Thread created 03-21-2013 by cbtexan04
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Oh yeah i remember u saying that before. The appliances are the biggest thing to crap out early on, that and the carpet. You will also likely get settling cracks but that is easy to patch and paint...
Buying a House - College Student
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Thread created 03-21-2013 by cbtexan04
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What would you do without an 80k inheritance? Do you really want to lock up all that money into a liability that may or may not increase in value. You're positioned to max out a Roth IRA...
Buying a House - College Student
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Thread created 03-21-2013 by cbtexan04
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Provided my own appliances as I work for as a subcontractor for a major brand. Got them all ~50% off or greater due to small scratches on parts not seen when installed :D
As far as the materials...
Buying a House - College Student
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Thread created 03-21-2013 by cbtexan04
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Yup. Years 2-5 will be expensive for you if its the typical builder grade materials and appliances used in it.
Buying a House - College Student
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Thread created 03-21-2013 by cbtexan04
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True enough, I will say I love this 30 day and 1 year warranty window where if something goes wrong I just shove it off to the builders and say 'Fix this' :D I'm gonna be very sad when that is over...
Buying a House - College Student
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Thread created 03-21-2013 by cbtexan04
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That is also with a new house where it doesn't need much maintenance. The older it is the more you will spend. I spend 250-500 each month slowly upgrading + usual maintenance.
Buying a House - College Student
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Thread created 03-21-2013 by cbtexan04
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Just thought I would lend my 2 cents, as I am just finishing a very similar situation as yourself.
My experience: I'm 23, graduated in May of last year, built a house due to local incentives (city...
Buying a House - College Student
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Thread created 03-21-2013 by cbtexan04
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Yea..that was me. To be fair, I misunderstood his OP, thinking it would take 5 years to get his Masters (I was thinking parttime grad school with fulltime working..) but I see now that it will only...
Buying a House - College Student
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Thread created 03-21-2013 by cbtexan04
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Renting cheapest place you can, wow. In my neck of the woods that's just terrible advice. I could have sprung for that and I would have been miserable. I spent the last 3 years renting in a middle of...
Buying a House - College Student
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Thread created 03-21-2013 by cbtexan04
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you could always rent. it is much easier to get out of a rental agreement than it is a 180k house that may or may not sell in your market. once you send your down payment, you are pretty much...
Buying a House - College Student
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Thread created 03-21-2013 by cbtexan04
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Finish your Master's program, rent the cheapest place you can find, and invest in the interim, THEN buy the house where you want when you move out of the state. You will have the education, the...
Buying a House - College Student
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Thread created 03-21-2013 by cbtexan04
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with a hefty down payment and after you have a few months of proven working record it shouldn't be a problem. Since it'll probably take u awhile to search for a new home
Buying a House - College Student
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Thread created 03-21-2013 by cbtexan04
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Thanks for all the information! It's good to hear that you were in a similar situation, and were able to work something out :) We definitely will be shopping around for best overall lender (lowest...
Buying a House - College Student
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Thread created 03-21-2013 by cbtexan04
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That. Few lenders nowadays have early payoff penalties, but some still do. Shop around for rates and closing costs. It won't ding your credit if you have all the mortgage companies pull your...
Buying a House - College Student
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Thread created 03-21-2013 by cbtexan04
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I can't speak for others but I can speak for myself. The way my home loan is setup is like a car loan. There is a minimum I must pay each month which will satisfy the bank. However, if I want to pay...
Buying a House - College Student
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Thread created 03-21-2013 by cbtexan04
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No legit bank should penalize you for paying early. Also you can specify that the extra payment goes towards principle.
Also, only put down 20% no need to do more. Keep that extra cash on the...
Buying a House - College Student
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Thread created 03-21-2013 by cbtexan04
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Awesome, that sounds hopeful then.
Just wondering, some of you suggested getting a longer term loan, but paying off more per month (obviously paying towards the principle). Do most loans allow you...
Buying a House - College Student
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Thread created 03-21-2013 by cbtexan04
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Oh ok, well in that case I was in the similar position as you, had a large down payment got my job in october, and bought the house the following april. The bank asked for the previous 3 months of...
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