Word is … the bank thinks were doing just fine and would be happy to pass us a few dollars – on the condition we pay them back of course 🙂 This is good news since (1) we had no idea how our credit was … and (2) we now have a ‘price’ goal for house hunting.
WHAT? … you ask … HOUSE HUNTING?
Yes, we have reached that age in life where thinking about a house has come … and past. Previously we discounted owning due to the higher monthly costs and the fact that we were largely in debt. But … we tightened up the spending and managed to get things under control … to the point where “investing” is more of an option.
Renting has its advantages … but we have started doing a few home improvements lately. And then we are also looking at purchasing more furniture — so, since we are looking at being down here another 5 years or so we thought maybe a house would be a good idea.
We are still just looking into it … lots more research has to be done (pointers welcome). Our current plan lies in the range of 15-24 months from now. First, while we don’t NEED a down-payment … we would like one (hoping around 5-10%). Not to mention all the extras that will come … lawnmower, fridge, oven, etc.
But for now … we get to have a little fun and find out what kinda of pads we can afford. What would you look for in your first house?