did you think you were in over your head buying a house?
danigirl0
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did you think you were in over your head buying a house?
and when did you work it all out. im scared!!! did you find that youleanred ot budget your money? any tricks? advice?
Karen62794
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Re: did you think you were in over your head buying a house?
Oh yeah.
We took both of our payments monthly bills and averaged them out to get an idea of what ours might be like.
It's been a year and we are coming in under budget (woo-hoo!).
DH is a numbers guy, so while we were looking at homes, he was constantly figuring out payments. He did an excellent job, because we are doing pretty well.
MrsTC
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Re: did you think you were in over your head buying a house?
Yes.
Our 1st mortgage payment is due 8/1 and I am so scared! I know we have the $ to pay it but it's still scary.
fallinlove04
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Re: did you think you were in over your head buying a house?
i feel like it, but my fi tells me that we will be fine. i am trying to believe him, but i really need to just do it. i'm not good with the hypothetical....we'll be fine...
swags1016
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Re: did you think you were in over your head buying a house?
Posted by MrsTC
Yes.
Our 1st mortgage payment is due 8/1 and I am so scared! I know we have the $ to pay it but it's still scary.
I agree 100% I know that we still have a lot of money in the bank but it is scary that we will have to pay that amount for 30 years. I am sure in 10 years and from then on it won't seem so bad.
janwinterbridejoy
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Re: did you think you were in over your head buying a house?
im a little nervous as well. my dh is more calm about it and says we have it under control lol i wish i felt that secure lol
matron
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Re: did you think you were in over your head buying a house?
I'm hyperventilating just reading the question. LOL! Seriously, I'm not stressed with this home (our starter home), but we're getting our 'real home' and I left my job so know we're making a lot less money and will owe alot more, so I feel like puking just thinking about it!
Re: did you think you were in over your head buying a house?
YES
I think FH and I did some math and figured if we live on saltine crackers and water for the first year we should be ok .....
Many of friends felt the same way and told us its 'normal' to feel that way but you manage to do it!
Good luck to us all
fallinlove04
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Re: did you think you were in over your head buying a house?
matron...that is how i feel. we are buying our first home and i am not working full time next year because i am finishing up my masters degree. i'm so nervous, but my fi says we have it all under control.
he keeps telling me we will raid our parents freezers for food and it will be just fine.
Valentinegirl
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Re: did you think you were in over your head buying a house?
Posted by MrsTC
Yes.
Our 1st mortgage payment is due 8/1 and I am so scared! I know we have the $ to pay it but it's still scary.
Ours is due September 1st I know it will be ok though. Its just a big change from rent $.
Valentinegirl
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Re: did you think you were in over your head buying a house?
Posted by swags1016
Posted by MrsTC
Yes.
Our 1st mortgage payment is due 8/1 and I am so scared! I know we have the $ to pay it but it's still scary.
I agree 100% I know that we still have a lot of money in the bank but it is scary that we will have to pay that amount for 30 years. I am sure in 10 years and from then on it won't seem so bad.
Jaime, I said that in the future it won't seem like alot because we will both get raises and start managing our $ better to adjust to paying a mortgage...(hopefully lol).
anjerandunder
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Re: did you think you were in over your head buying a house?
oh its very scary to think about it but whatever you do just remind yourself that it is all yours..no one to tell you you can't paint the walls or rip down one..no one to tell you that the rent is increasing..that's what i keep telling myself..plus it's an investment so its a good thing
Valentinegirl
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Re: did you think you were in over your head buying a house?
and I hear the tax refund is a nice chunk of change most of the time too.
swags1016
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Re: did you think you were in over your head buying a house?
Posted by Valentinegirl
Posted by swags1016
Posted by MrsTC
Yes.
Our 1st mortgage payment is due 8/1 and I am so scared! I know we have the $ to pay it but it's still scary.
I agree 100% I know that we still have a lot of money in the bank but it is scary that we will have to pay that amount for 30 years. I am sure in 10 years and from then on it won't seem so bad.
Jaime, I said that in the future it won't seem like alot because we will both get raises and start managing our $ better to adjust to paying a mortgage...(hopefully lol).
I know I am looking forward to that day!!! I can't wait until it feels like our rent was, no big deal to pay.
LIJuneBride
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Re: did you think you were in over your head buying a house?
I definitely did! I bought my house by myself a few years ago and I was so anxious about being able to pay for it. Somehow, it all works out - and that tax refund helps a lot!!!
Buttafli1277
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Re: did you think you were in over your head buying a house?
It is a scary thing to make your first mortgage payment. You will all survive your payments and after a few months, it will be just like another one of your monthly bills. Tax time is definately a great time when your a home owner!!
danigirl0
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Re: did you think you were in over your head buying a house?
thanks ladies!
kpny622
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Re: did you think you were in over your head buying a house?
just out of curiosity, since many of you mentioned tax time - approximately how much do you get back in taxes from owning a house? I assume it depends on your payment?
Valentinegirl
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Re: did you think you were in over your head buying a house?
Posted by kpny622
just out of curiosity, since many of you mentioned tax time - approximately how much do you get back in taxes from owning a house? I assume it depends on your payment?
I think it depends on alot of different factors. I have no idea how much we will get back yet.
