Living Arrangements

Original post by SIBride06

Jul 18, 2005 03:07 PM

What will your living arrangements be after the wedding?

soontobemrsd325 Posted: Jul 18, 2005 03:55 PM

Re: Living Arrangements

Posted by SuzBride

we're currently in the process of buying a house. It is going to be really hard the first year or two, but renting is SO expensive too so we want our money to go towards a mortgage at least.

The only reason we can afford this at all is because we are putting only 5% down and we both have lived at home since college

how are you only putting 5% down?

july06bride Posted: Jul 18, 2005 04:01 PM

Re: Living Arrangements

Posted by cantwait2bewed

We are buying. U can do it girls. Just save save save save save. If u need some tips on saving let me know.

I agree!!!!!
We saved and bought a beautiful home in a beautiful area of CT ...it is possible ! just save!

WE MOVE IN TWO WEEKS!

july06bride Posted: Jul 18, 2005 04:02 PM

Re: Living Arrangements

Posted by soontobemrsd325

Posted by SuzBride

we're currently in the process of buying a house. It is going to be really hard the first year or two, but renting is SO expensive too so we want our money to go towards a mortgage at least.

The only reason we can afford this at all is because we are putting only 5% down and we both have lived at home since college

how are you only putting 5% down?

youd be surprised..5% is fine, many people even do 0% now- i wouldnt suggest it but it is possible

SuzBride Posted: Jul 18, 2005 04:07 PM

Re: Living Arrangements

Posted by soontobemrsd325

how are you only putting 5% down?

well we are putting 5% down and getting a loan (i think they call it a piggyback loan?) for the remaining 15% to avoid paying PMI insurance. Our mortgage rates will be a little higher but there is no way we could save 20% anytime soon. It also helps that our house appraised for much more than we are paying - so we only plan to stay for a year or two. If we were planning to buy a 'permanent' home we definitely wouldn't take this route - you get hit with ALOT of interest

M&S Sept12006 Posted: Jul 18, 2005 04:09 PM

Re: Living Arrangements

Posted by soontobemrsd325

Posted by SuzBride

we're currently in the process of buying a house. It is going to be really hard the first year or two, but renting is SO expensive too so we want our money to go towards a mortgage at least.

The only reason we can afford this at all is because we are putting only 5% down and we both have lived at home since college

how are you only putting 5% down?

Thats one of the many benefits of being a first time home buyer...

annaanddom Posted: Jul 18, 2005 04:11 PM

Re: Living Arrangements

Would love to buy, but won't be able to afford it with all the wedding expenses. Will prob rent for a year and then buy.

iffer042373 Posted: Jul 18, 2005 04:18 PM

Re: Living Arrangements

we live together in an apartmetn now and we will be living there for a while after the wedding we are gonna save up and start looking ofr a house. I don't know how anyone can afford to do both I wish I could I envy those of you who are paying for a weedding and saving for a house

Mystere Posted: Jul 18, 2005 04:20 PM

Re: Living Arrangements

we are going to be living in an apartment until we save enough to buy a house. We just graduated from college and are paying for 95% of the wedding ourselves and with college loans to pay off we can't afford to go too far into debt just yet.

mrsgtobe Posted: Jul 18, 2005 04:24 PM

Re: Living Arrangements

We are looking to buy a house in Pennsylvania, probably by the end of this year. FH's company is relocating and we are moving so that FH can keep his job. FH will live in the house until the wedding while I stay here and finish up my first year of teaching. After we are married in July 2006, I will join him in our new home.

If we had decided to stay on LI, we would probably be renting for another two years - at least!

lacey&mark Posted: Jul 18, 2005 04:28 PM

Re: Living Arrangements

we'll still be renting together, but we are hoping to move to nc (depending on if i get into a grad program there). the cost of living is so much less and there are more job oppurtunities for me after i graduate. we'd get a house when i get a 'real' job. ~lacey

MrsStefan Posted: Jul 18, 2005 04:51 PM

Re: Living Arrangements

On LI, in some cases paying for a mortgage and paying for rent are the same price. I think we are going to buy, but not on LI...its WAY too much money

cindyandkevin Posted: Jul 18, 2005 05:05 PM

Re: Living Arrangements

We're currently renting an apartment and I feel like it's just going out the window. After the wedding we're gonna buckle-down and save save save so that we can buy a house before starting a family. Since we're getting married mid-2006 I'm aiming to be in a house for New Year's 2007!

soontobemrsv Posted: Jul 18, 2005 05:08 PM

Re: Living Arrangements

right now we are renting out my parents house in new york, since they live in florida... and we are getting an incredible deal from my dad so we are buying this house we are living in now and in 2 years we can make money off of this house and buy another.

sarahbelle Posted: Jul 18, 2005 05:11 PM

Re: Living Arrangements

We are renting right now (together). We hope to get a co-op around the time of the wedding. If not, we are going to move into a smaller apartment to help save money. We aren't in a rush to get a house per se, but I would like to own something next year.

Riss44 Posted: Jul 18, 2005 05:48 PM

Re: Living Arrangements

I am hoping that we are able to buy a house....we are trying so hard to do this. I am sort of against renting because I rather use that money to save for buying a house. If worse comes to worse we will live in my FH's house in their basement...much rather have a house but if we can't swing it, this is our other option. We shall see.....it's so hard with the prices nowadays. I am a good saver and can't see how we are going to do this!!

Marissa

CalJoe0124 Posted: Jul 18, 2005 06:40 PM

Re: Living Arrangements

We are starting to look for houses now and if we do not find one before we are married, we will move into my parents house after the wedding, RENT FREE, totally seperate area and my parents are great!!
Then we can start the house search again, we just started this weekend and its really exciting!

Awhite80 Posted: Jul 18, 2005 06:41 PM

Re: Living Arrangements

I'm moving into FI's house after we are married. I am moving to England for about five years and we are going to save money (since the value of the dollar is so weak against the pound) and then move back here after that. FI has a great job and a home already so this is the best option for us. Atleast I will be able to travel around Europe for awhile!