louie.miragssaving up to buy a house is grinding my gears! I have roughly 8k now toward it and still need at least another 12k. Thinking of getting around 20k to get a house in the $100-125k region. The part that is getting to me is the time. It is not going to be until at least spring I get that much. I just want to move out now! And spring is best case scenario. I still got to look at so many different places to make sure I make the right choice. And I feel weird making an appointment to check out houses now when I do not have the money yet. It almost makes me want to rent... But, at the same price you can be paying a mortgage. It is just the down payment that blows the most
if you really want to stop renting look into a 80/17 loan. basically you pay 80% of the loan at standard fixed rate, then 17% at double the interest rate, but only 3% down. if you know your income is going to go up (i think you've said you've just started working in another thread, so chances are this is true) and can afford the increased payments for the last 17%, it's a good deal IMO
anyway, i have a friend who works at fucking applebees bought his first home with this method.