Buying a House

I’m in the process of buying a house. The options are enough to make you go crazy. 3 bedrooms. 2 baths. Oh wait that’s 1.5 baths. 1200 square feet. Big lot. Small lot. Is there hardwood or is that laminate? What about the crime rate? I think someone’s car was stolen in that area.

I can afford $110k right? But $125k houses look like a lot better value and it’s only like $75/month more. Can I afford $75/month?

What is my credit score? What IS a credit score?

Then there are “fixer upper” options. They’re $80k but need $25k+ of work. Can I get a loan for that? With the allure of thousands of dollars in profit over the course of a few years, a few (hundred) hours of sweat equity seems worth it.

Yesterday I was talking to Rusty at work and his advice was helpful. Continue reading “Buying a House”