Home Life, Relationships & Finance

Imi · Aug 13th, 2007, 20:35 PM

Renting is just dead money hun ...

BUY!!

xxx

Mango · Aug 13th, 2007, 20:36 PM

Alrighty ladies, thanks so much for the replies. I was leaning towards buying. I just know that by paying rent I'd never be able to save up enough in the end. I'm going to have my first meeting with a real estate agent this week. Hope all goes well and they have something in mind for us.

Lucy · Aug 14th, 2007, 12:43 PM

Mango where abouts do you live?

If the mortgage payments are looking quite steep then you could go for an interest only mortgage. You'll only be paying the interest of the loan for the first couple of years but will give you time to get on the property ladder and get financial stability then you could re-mortgage (as most mortgages are for tie in periods of 2,3, 5 years etc) then change to a repayment mortgage where you're paying off the loan plus the interest.

Definitely buy if you can

melbo · Aug 16th, 2007, 19:01 PM

Quote:

Originally Posted by Hels

And It narks me to pay someone elses mortgage!!

Totally agree there...

MarchBaby · Aug 17th, 2007, 01:42 AM

I would rather buy.. especially with home prices where I want to buy. You can rent for anywhere from 650 to 900. You can buy anywhere from 700/month to 1300/month. I cannot image spending 900$ on rent when that could be going towards a place that will one day be paid off and MINE.

Home Life, Relationships & Finance

Rent or Buy

You And Your Family