Brides Helping Brides ™ - Buying a house & paying for a wedding at the same time

Post new topic

Wedding Forums > Brides Helping Brides ™ > Buying a house & paying for a wedding at the same time

Buying a house & paying for a wedding at the same time

tracy2246 Posted: Mar 13, 2006 11:50 AM+

tracy2246 MEMBER SINCE: 3/05 TOTAL POSTS : 1598 WEDDING DATE: Nov 03, 2006

Posted: Mar 13, 2006 11:50 AM

Re: Buying a house & paying for a wedding at the same time

we are getting married in Nov and we close on out house in a few weeks....it is actually very scary but I think we can do it.

CynthiaandJeff Posted: Mar 13, 2006 12:10 PM+

CynthiaandJeff MEMBER SINCE: 1/05 TOTAL POSTS : 485 WEDDING DATE: Jul 15, 2006

Posted: Mar 13, 2006 12:10 PM

Re: Buying a house & paying for a wedding at the same time

We're paying for everything on our own and buying a house at the same time.

I owned before I met Fh, so I had lots of money invested in that. The price of my place had tripled, so we got lucky. It's not easy and house hunting REALLY stinks!!

imyurfavgirl Posted: Mar 13, 2006 12:40 PM+

imyurfavgirl MEMBER SINCE: 6/05 TOTAL POSTS : 1713 WEDDING DATE: Sep 23, 2006

Posted: Mar 13, 2006 12:40 PM

Re: Buying a house & paying for a wedding at the same time

We are buying our house and paying for all of the wedding. If it wasnt for my fh i dont think that it would be possible. It is very stressful though all we talk about is the house or the wedding.

Angel2006 Posted: Mar 13, 2006 12:44 PM+

Angel2006 MEMBER SINCE: 3/05 TOTAL POSTS : 1256 WEDDING DATE: Jun 01, 2007

Posted: Mar 13, 2006 12:44 PM

Re: Buying a house & paying for a wedding at the same time

I would buy the hosue and scale down on the wedding budget as well. Just think the wedding is one day and a house you will own maybe for a lifetime.

m&m Posted: Mar 13, 2006 01:24 PM+

m&m MEMBER SINCE: 2/04 TOTAL POSTS : 563 WEDDING DATE: Dec 17, 2005

Posted: Mar 13, 2006 01:24 PM

Re: Buying a house & paying for a wedding at the same time

We bought a house in July, and got married in December. But we had a long engagement, and that was the plan all along so we budgeted along the way. Good luck

Shellycakes123 Posted: Mar 13, 2006 03:38 PM+

Shellycakes123 MEMBER SINCE: 8/05 TOTAL POSTS : 1328 WEDDING DATE: Jul 03, 2006

Posted: Mar 13, 2006 03:38 PM

Re: Buying a house & paying for a wedding at the same time

Tia you have FM from me. Goog luck girl!

Reesa Posted: Mar 13, 2006 03:44 PM+

Reesa MEMBER SINCE: 1/05 TOTAL POSTS : 1173 WEDDING DATE: Nov 13, 2005

Posted: Mar 13, 2006 03:44 PM

Re: Buying a house & paying for a wedding at the same time

We closed on our house Sept. 30, 2005 and were married November 13, 2005. It was nuts!!!!! But I'm glad we did it.

Blu-ize Posted: Mar 13, 2006 04:15 PM+

Blu-ize MEMBER SINCE: 8/04 TOTAL POSTS : 8304 WEDDING DATE: Feb 28, 1998

Posted: Mar 13, 2006 04:15 PM

Re: Buying a house & paying for a wedding at the same time

While I commend those that are able to pay for a wedding and buy a house-it has to be one of the most stressful times in your life overall.

You may be putting unnecessary pressure on yourselves.

Also keep in mind that if you put balances on your credit cards your debt to income ratios will be worse and that could keep you from getting a mortgage at a decent rate.

Do you have a place to live now?

Also, personally I would not buy something until I was married.

MrsMagoo Posted: Mar 13, 2006 04:16 PM+

MrsMagoo MEMBER SINCE: 1/06 TOTAL POSTS : 2547 WEDDING DATE: Sep 01, 2007

Posted: Mar 13, 2006 04:16 PM

Re: Buying a house & paying for a wedding at the same time

Posted by chellynyc

FH and I are paying for our wedding ourselves and plan on using the money we get as gifts from our wedding as a down payment on a house. I was just thinking, if we wait two years from now, houses are more then likely going to go up.

Is it smarter to buy a house now and continue to pay cash for the wedding? Worst case scenario as it gets closer to the wedding if we don't have enough cash for the remainder of the wedding then we do credit cards and pay them off after the wedding.

Is it possible to buy a house and pay for a wedding at the same time?

We are doing it!! We plan on buying the house either by the end of this year or beginning of next year...and we are paying for the wedding ourselves! It just takes a lot of determination!

DanNette Posted: Mar 13, 2006 04:25 PM+

DanNette MEMBER SINCE: 2/06 TOTAL POSTS : 1339 WEDDING DATE: Dec 01, 2007

Posted: Mar 13, 2006 04:25 PM

Re: Buying a house & paying for a wedding at the same time

Hi! I feel your pain! Only, FH and I are aiming for a co-op, we figure it will be easier to start small. I wouldn't count on the gift money so much, you really have no way of predicting how much you will receive. Also, you and I have almost 2yrs to handle all of our payments. See if your vendors can make more frequent deposits throughout your planning instead of putting $100.00 down then having to come up with $12,000.00 in the end for something.

chellynyc Posted: Mar 13, 2006 04:26 PM+

chellynyc MEMBER SINCE: 10/05 TOTAL POSTS : 5083 WEDDING DATE: Nov 03, 2007

Posted: Mar 13, 2006 04:26 PM

Re: Buying a house & paying for a wedding at the same time

Posted by Blu-ize

While I commend those that are able to pay for a wedding and buy a house-it has to be one of the most stressful times in your life overall.

You may be putting unnecessary pressure on yourselves.

Also keep in mind that if you put balances on your credit cards your debt to income ratios will be worse and that could keep you from getting a mortgage at a decent rate.

Do you have a place to live now?

Also, personally I would not buy something until I was married.

FH lives at home with his parents and I own a coop apartment in Rego Park, Queens. So, we're not homeless by any means.

mrsgtobe Posted: Mar 13, 2006 04:32 PM+

mrsgtobe MEMBER SINCE: 5/05 TOTAL POSTS : 943 WEDDING DATE: Jul 04, 2006

Posted: Mar 13, 2006 04:32 PM

Re: Buying a house & paying for a wedding at the same time

We bought our home in September and are making mortgage payments at the same time that we are planning (and paying for!) our wedding. It's definitely not easy, but if you do some budgeting beforehand and the math tells you that you can handle it financially, then do it. If you're going to put yourself into debt up to your eyeballs, then you may want to wait a little while.

Whatever you decide, I wish you luck!