UnThreaded | Threaded | Whole Thread (96) | Ignore Thread Prev | Next
Author: inparadise Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127262  
Subject: Re: When can I qualify for a loan? Date: 4/24/2013 8:21 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 2
The one thing which gives me a little pause about buying is I do have a relatively short time horizon, perhaps around 4 1/2 years after purchase. (Then again, that's guessing what I'll want to do in 4 years, so things could change a lot.)

If you'll forgive me, I'm going to put my Mom hat on here. The above is exactly what concerns me most about your buying a house rather than renting. This is your first real job post degree, if I've read the thread correctly, and the options out there for you are close to limitless. Are you that much a homebody that you want to tie yourself down so quickly, potentially limiting your options? Of course, if you are good enough to get drafted by another company, it's probable they will give you a relocation package and even buy your house from you. I know many people who have done that over and over to the benefit of their nest egg.

Best of luck in your endeavors. Eldest is a college freshman majoring in computer science, spending the summer in his first internship, earning about $25/hour. What a major for today's student.

IP
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (96) | Ignore Thread Prev | Next

Announcements

Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
Post of the Day:
Value Hounds

Mylan Transitioning from Generics
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement