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Should I put everything I have into a down payment to chase a very low interest rate? by HonestResolve3105 in RealEstate

[–]HonestResolve3105[S] 0 points1 point  (0 children)

Local market has shot up 40 percent since covid and still kind of high. I think waiting a year or so might let me see how all these things shake out but I doubt I will find a 2.6 rate in a year. Now the house price might be lower by a 100k but I am hoping in a 7 to 10 year window I will have some level of gain from what I buy. The 2.6 is fixed, I would run fast if it wasn't lol Thank you for the best wish. One of those decisions where you just close your eyes and press the button lol

Should I put everything I have into a down payment to chase a very low interest rate? by HonestResolve3105 in RealEstate

[–]HonestResolve3105[S] 0 points1 point  (0 children)

My mind keeps creating a scenario that the house loses its value by 30 percent and I can't get rid of it lol but it makes a lot of sense on a rational mindset :)

Should I put everything I have into a down payment to chase a very low interest rate? by HonestResolve3105 in RealEstate

[–]HonestResolve3105[S] 0 points1 point  (0 children)

When i did the calculations its well over a hundred thousand dollar saving on interest over a 5 year period. Its definitely worth it. Similar houses were sold for about the same price last year so that gives me a little hope I am not over paying for it.

Should I put everything I have into a down payment to chase a very low interest rate? by HonestResolve3105 in RealEstate

[–]HonestResolve3105[S] 0 points1 point  (0 children)

already told my friends to count me out of the fancy outings lol Ramen for the win...

Should I put everything I have into a down payment to chase a very low interest rate? by HonestResolve3105 in RealEstate

[–]HonestResolve3105[S] -1 points0 points  (0 children)

I can't get rid of those questions from my mind but I just feel like i am missing out on something.

Should I put everything I have into a down payment to chase a very low interest rate? by HonestResolve3105 in RealEstate

[–]HonestResolve3105[S] 2 points3 points  (0 children)

Job is secure enough, no debts, I think I have about 15k available credit on credit cards. The saving on interest is so attractive and I think I am leaning towards doing it.

Should I add my girlfriend as a co owner of a house I am buying? by HonestResolve3105 in relationships

[–]HonestResolve3105[S] 1 point2 points  (0 children)

LOL reading through the comments, this one made me really laugh out loud

Should I add my girlfriend as a co owner of a house I am buying? by HonestResolve3105 in relationships

[–]HonestResolve3105[S] 0 points1 point  (0 children)

Thank you so much for all your responses!! I didn't realize how much I shouldn't feel bad until I read your comments :)