Actually, interest only can be good if you remember that you’re only renting from yourself if you don’t pay more than the interest. Suddenly I sound like comment spam.
Love it! Love the tree. I’ll be sending good karma–
Best of luck to you, Leia. My wife and I recently acquired our dream house at auction (check the linked ‘Blog for pictures). I know how terrifying, exciting, and generally tiring house hunting can be.
Not necessarily, Bry. Texas has one of the lowest appreciation rates in the country, so you’d be hard pressed to sell your home in less than three years and break even without any equity.
Great house! I hope you have many happy memories there.
You’re more than capable of making your own mortgage and financial decisions so I’ll keep my advice to myself.
Yay! And remember… interest-only=EVIL.
Actually, interest only can be good if you remember that you’re only renting from yourself if you don’t pay more than the interest. Suddenly I sound like comment spam.
Love it! Love the tree. I’ll be sending good karma–
Fingers crossed (and I’m fighting a jealous pang, you Americans sure like yer big houses!)
[Overly clever people get their comments removed.]
whoah. That’s great.
Best of luck to you, Leia. My wife and I recently acquired our dream house at auction (check the linked ‘Blog for pictures). I know how terrifying, exciting, and generally tiring house hunting can be.
Much better than being a renter!!! Now you will be paying into your equity instead of someone elses, yay!
Nice tree!
IF lengthOfStay > 3 years THEN interestOnly = evil
Exciting!!!
Not necessarily, Bry. Texas has one of the lowest appreciation rates in the country, so you’d be hard pressed to sell your home in less than three years and break even without any equity.
Great house! I hope you have many happy memories there.
You’re more than capable of making your own mortgage and financial decisions so I’ll keep my advice to myself.
hey there. don’t remember how i found your blog, but i’m in a house hunt in dallas myself. i’d swear i looked at this house! ha. good luck to you!