I bought my first house @ 18 it was 150000.00 saved like crazy for the 10% I put down. I now have alot of Houses and Appartment buildings and a realestate investment company. your first house is the hardest. if you want to stay around 500/month you will be in the $72500.00 for 20 years or $80000.00 for thirty. this is with 10% down. let me say this just because you get a thirty year loan does not mean you will have to take that long to pay it off. you can get more house for your money if you go a thirty year and pay it off sooner. also depending what property is doing where you live you could make more money down the road on the bigger house say 2 bedroom 1 bath vers 3 bedroom 2 bath ect. or how about you get a investment property to start with like a duplex and rent out half and let it pay most of your payment? also on variable loans some times these are easier to get, get one and keep it for the short term and refinance the house, its easier to refinance usually than the first time buying ... just some thoughts good luck and good for you I hope it all works out for ya.
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Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
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