Quote:
Originally Posted by Lono
My wife is saying the same thing as you Inspector. I just hate throwing money away on Rent. I would not have a problem with it if I knew we would save. I just dont think we would. You know how life is, kids always need something, or something always breaks down. Rent is so high these days, i think we can buy a house cheaper than renting.
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You're too impatient. You will not be able to get a loan without a down payment. The mortgage industry has changed...for the better. Those that should have a house can buy one, those that shouldn't can't. You don't even understand how much closing costs will run...do you? Study the process before you start. What would you do if the furnace bit the dust after three months and when you couldn't scrape up enough for the minimum down payment? Go get a credit card and rack up more debt that you don't need...right? Do yourself a favor and save money and then save some more money. Buy a house when you're ready, you'll feel better about the process in the end.