Re: Going to be buying a house in September. Need Advice
Not so happy making 19k a year anymore? Just kidding... I don't have any idea of the market in your area, thats such a localized thing. Typical conventional loans requier 5% down or so. Check into a FHA loan, based on your income you may qualify. Around here it is typical to have the seller buy you a one year home insurance policy to cover things like ac, water heater, furnance, etc going bad. Mine was like $450 for the year. You can sometimes bargin with the seller and see if they will cover some of the closing costs, even if it means adding it to the selling price, this will mean less cash out of your pocket. If your only looking on spending on 70k, you can probaly do it for 5k or so and use the rest of the cash to pay off your bills. When you build some equity in your place, you could then get a Home equity line of credit (heloc) to pay off higher interest rate bills.