Jetta Posted September 17, 2018 Share Posted September 17, 2018 So I've really decided to buckle down and save. I think I'll have enough for a fha loan deposit on a condo in two years. I applied for a mortgage was told wait 6 months, but I think in two years will be perfect. Than I'm doing it on my own not borrowing from family. My job is going well. I think I can stick with it. She works around my disability. This plan is giving me a real reason to save not just arbitrary saving which wasn't going as well. I'm planning to take 150 per paycheck. Starting with this check. Link to comment
DanZee Posted September 17, 2018 Share Posted September 17, 2018 Be sure to check around for other mortgages when the time comes. FHA loans are very expensive. You can read more here: https://twocents.lifehacker.com/the-drawbacks-of-buying-a-home-with-an-fha-loan-1740669336 Link to comment
Jetta Posted September 17, 2018 Author Share Posted September 17, 2018 Thanks good info. Knew about extra inspections but not about pre payment penalties. Looks like I'll try for conventional. Sounds like a problem. Link to comment
catfeeder Posted September 19, 2018 Share Posted September 19, 2018 Good plan, Jetta! Link to comment
Jetta Posted October 8, 2018 Author Share Posted October 8, 2018 My savings plan is going well. Anytime I work extra hours I put more into savings. I'm proud of myself. Link to comment
Recommended Posts
Archived
This topic is now archived and is closed to further replies.