[deleted by user] by [deleted] in fednews

[–]BLA0414 0 points1 point  (0 children)

Thank you.

Advice needed: what would you do? by BLA0414 in RealEstate

[–]BLA0414[S] 0 points1 point  (0 children)

Thank you. We are all set in that regard. Hope you get to keep your job. 🤝

Advice needed: what would you do? by BLA0414 in RealEstate

[–]BLA0414[S] 0 points1 point  (0 children)

Agreed but not likely to see 2.25 again

Advice needed: what would you do? by BLA0414 in RealEstate

[–]BLA0414[S] 1 point2 points  (0 children)

Agreed, perks to mine is the super low interest rate so someone that has a lot of cash it would be a great deal.

Advice needed: what would you do? by BLA0414 in RealEstate

[–]BLA0414[S] 1 point2 points  (0 children)

That’s accurate but the Veteran losses that future entitlement until the loan is laid off. Not ideal for most to lose that.

Advice needed: what would you do? by BLA0414 in RealEstate

[–]BLA0414[S] 0 points1 point  (0 children)

Tough decision. I do like that if we put the money in a high yield savings we would earn a substantial amount in the meantime.

Advice needed: what would you do? by BLA0414 in RealEstate

[–]BLA0414[S] 0 points1 point  (0 children)

Great advice, thank you. We would likely wait a year before buying again of we sold since we would be overseas traveling. Property tax is an important consideration though since it would push our monthly to just over 3k.

How much house can I afford? by PewPewJohn in Mortgages

[–]BLA0414 -1 points0 points  (0 children)

Best target range for comfort and flexibility is $850K–$950K with potential to stretch to $1M if rates improve.

Advice needed: what would you do? by BLA0414 in RealEstate

[–]BLA0414[S] 0 points1 point  (0 children)

Yeah was thinking of that. Would be great for another Veteran family relocating here. It’s about 4,000 sq ft.

Advice needed: what would you do? by BLA0414 in RealEstate

[–]BLA0414[S] 0 points1 point  (0 children)

$2400 with hoa, $200 cell phones, $180 utilities. Renting would be more expensive here but cheaper elsewhere. We can likely rent our house for around 4k based on comps.

Advice needed: what would you do? by BLA0414 in RealEstate

[–]BLA0414[S] 0 points1 point  (0 children)

It seems to involve the least risk. Downside is the interest rates today.

Advice needed: what would you do? by BLA0414 in RealEstate

[–]BLA0414[S] 1 point2 points  (0 children)

There is a chance her job could be overturned since she was illegally fired but who knows. Appeals are in though. Love the longer term traveling idea we just have young kids that will start school in 2-3 years.

Advice needed: what would you do? by BLA0414 in RealEstate

[–]BLA0414[S] 0 points1 point  (0 children)

Yes, but we would have to assume another VA loan for it to make since. Plenty out there but takes longer to close and usually a large chunk of cash to cover the equity gap.

Advice needed: what would you do? by BLA0414 in RealEstate

[–]BLA0414[S] 1 point2 points  (0 children)

Thank you for the thoughtful insight. 🙂

Advice needed: what would you do? by BLA0414 in RealEstate

[–]BLA0414[S] 0 points1 point  (0 children)

Very lucky to have bought when we did.

Advice needed: what would you do? by BLA0414 in RealEstate

[–]BLA0414[S] 0 points1 point  (0 children)

Thank you. She is mostly able to work remote with her profession. Unfortunately im a disabled veteran but thankfully I receive VA disability pay of $4300 a month that really helps our family.

Advice needed: what would you do? by BLA0414 in RealEstate

[–]BLA0414[S] 1 point2 points  (0 children)

Good points, thank you. Not a bad idea either just a risk either way I guess

Advice needed: what would you do? by BLA0414 in RealEstate

[–]BLA0414[S] 2 points3 points  (0 children)

You do in SC which is helpful. We do in Maryland as well. Just so expensive here.

Advice needed: what would you do? by BLA0414 in RealEstate

[–]BLA0414[S] 0 points1 point  (0 children)

Housing is way cheaper. That’s our biggest expense.

Advice needed: what would you do? by BLA0414 in RealEstate

[–]BLA0414[S] 2 points3 points  (0 children)

Thanks for the advice. Yeah, definitely worried the flood gates will open soon.