Buy home recent out of faculty or save up for just a few years for an even bigger down paym…

by akoloy

I’m recent out of faculty with a full time job. Getting married this summer time and my fiancé has a job lined up publish commencement as properly. Well be making about 80k per yr between the 2 of us because it appears now. Our lease ends right here in just a few months and we try to search for a spot to reside. I’ve been fairly disillusioned with our condo and housing rental choices. Everything appears to be too low-cost and crappy or on the opposite finish it’s all of the luxurious flats which can be wayyyy overkill. I’ve all the time thought in my thoughts the sensible transfer is to reside low-cost and save up cash for just a few years earlier than shopping for a home, however my buddy retains pushing me in direction of getting a primary time house consumers mortgage. He claims you may get a home with as little as 8k down. I’ve heard this from different individuals as properly. We have in all probability 10k saved between the 2 of us at this level however that would come with our emergency fund. Also to notice, we’re in a fairly cheap space, and so they’re are loads of homes within the $200k vary that I’d be more than pleased with. My query is, is shopping for a home with so little down really that easy, and in that case, is it a wise factor to do?

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