Next year, Hubby and I want to start looking for our own house. Although we love where we live now, the truth is…we are only renting and when you are renting…especially if there is no lease, you can never be quite sure what’s going to happen month from month. Granted, not having a lease came in handy at our last place…as we were able to move out and into our current place almost immediately with no consequences but renting just is not the same.
So hopefully this time next year, will be on a mission to find a house.
I have always been fiscally responsible. I am always on time with any kind of payments. I finished paying my college loan and my car loan ahead of time. I have a few credit cards, but have always paid them off each month. Neither hubby nor I owe any money anywhere. We live modestly. Granted, we are more or less a one income family but I’m hoping that this changes in the near future.
I am not sure though, if this is enough. How much should we have for a down payment? What sort of credit rating would a bank look for? We’ll have some assistance through the VA, but how would that work? What should we look at in a house?
I have so many questions. I do have a friend that is in real estate…or rather, a friend of a friend. Perhaps I should try to talk to her to kind of get an idea of what I should do to plan for home ownership.
Until then, perhaps I should start Googling houses for sale in the area…if only to get an idea of what we’ll have to work with.