Hey how many of you own a home, how old were you when you bought it and how old are you now?
More questions to follow!
More questions to follow!
I was 19 when I bought my first home and am 22 now. I am selling it (the buyers aren't working to well with me right now) to move to Ohio. I have been under contract for the past 2 months and was given the ok to move to Ohio after I pre-signed everything. Now, I am stuck with a large moving truck (24 foot) outside my girl friends house in Dayton, Ohio and no where to go. I am about to loose my rear at $95 a day to hold this truck until these dumbies get their crap together and finally close on my house in Atlanta, GA so I can close in Datyon... I am so screwed right now as they are not sure when it is going to happen. I am so frustrated with the sale of my house that I am to a point where I never want to sell a house again!!! This buyer has no sole... They are dragging their feet knowing I am up here in Ohio sitting on this truck while they try and get their "Ducks in a Row..." If I was in Georgia right now, I would be strangling these idiots.....
I guess what I am trying to say is that owning a house is two-fold really... You need to make sure you have the finances you need to stay ahead of the game. There are a lot of shady lenders out there right now that seem to be a good deal, but when it all works out, it is a royal screwing. Look into an FHA loan with a 3-1 ARM where it will be a lower fixed rate for the first 3 years and then once you have a feel for it, you can refinance your house and pull out some equity and do some repairs/re-model or spen it on schooling or whatever floats your boat!!! Just remember, it's a buyers market right now and things revolve around the buyers not the sellers as seen by my situation!!!!