I am going back and forth with FH on this subject for way too long now....
At this point, we are deciding to either buy a or just live with FH's Parents. They have a great apartment downstairs and we were going to live there rent free! I know, how great is that?????
But I am so confused because I just got a memo at work last week and apparently, my Company gives discounts on mortgages and we get a rate of 4.1% on mortgages!!!! Again, How great is that?????? But I keep going back and forth in my head because we have way too many options and they all sound good right now- it's very hard to make a decision.
Our original plan was live in FIL's basement rent free and save a lot of loot. Then FIL's were moving to Myrtle Beach and were selling us their house for CHEAP. The house is in awesome shape and we could rent the basement- so we win on so many levels. And we would end up selling the house after a few years when houses go up, make a HUGE profit and have a nice fat down payment.
Or
We could buy a house now and spend our savings on a downpayment and not save that much but with my 4.1% mortgage rate and houses being insanely cheap right now, we could win there too. What to do???????
I know this is long but this is driving me crazy- both options sound good right now! I value your input!
MrsDtoBe09
Posted:
Member since
Re: Own or Live With Parents?
Will you get that mortgage rate later or is it a one time only deal? I'd say save even more and go with the low mortgage later!
elysemichelle
Posted:
Member since
Re: Own or Live With Parents?
Honestly, I totally think ur better off with option one. Thats actually what FH and i r doing also, (if u need to vent when FIL's are crazy ill so be here doing the same!)
