We have been renting a house for 5 years from my inlaws. We have a 3 year old daughter and would like something bigger. We have looked into renting something bigger, but it seems like the same price or cheaper to buy a home of our own. Should we go for it? We don't have anything saved but we can get family to help us out with the cost associated with buying a house. We also would both be commuting from where we live now so would be wasting time and money on gasoline. ARE there any special loans available for teachers? WE are working with a morgage broker now, what types of loans and interest rates should I be looking for? When I posted before I was told not to purchase a house more than 25% of my income, but we have been renting a house on one income that is near 50% of our income, and since we will be making more, I don't see why we cant have a morgage payment that is near 33% of our income?
I have a real estate agent that wants me to sign up with him should I do it?
2006-07-08
01:41:02
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11 answers
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asked by
newmommyjan22nd
1
in
Renting & Real Estate