Thanks for your comments. I really appreciate all of the responses.

I really am trying to do a better job with the money I have, that's why I'm in such turmoil about sinking between $700-$900 come mid january into rent vs into a house.

I have approximately $5,000 in credit card debt,$6,000 car loan, an $8,000 student loan and a hubby in grad school. Things went really bad two years ago when we had an unexpected income reduction and unanticipated utility increases in the electricity bill. Because we were essentially living month to month an extra $150 was significant. So the cards got maxed out bills were paid late etc. Overall, we did a bad job in managing our finances and primarily have ourselves to blame.

Since Feb everything has been on time. I've just taken care of the two accounts that were in collections and the credit cards (on debtfree program) are next.

If the smart thing to do is wait for a few months (or more?), I'd have no problem doing that...I just don't want to make anymore bad money decisions.

The company pays 2 points I think... still haven't gotten around to reading about what that means.