More Posts
How are accentures bonuses typically?
Need 11 likes please..
Is anyone here on Growlr?
Additional Posts in Law
Thoughts on Adams and Reese?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
I think overpaying in a high interest rate environment is not ideal, but you can always refinance in the future. If you feel comfortable handling the mortgage then go for it. Comfortable with mortgage includes being comfortable paying it at a lower income.
This!
Yes. Your interest rate is like 7%+ and house prices are incredibly high still (at least the market I'm in).
Does it matter? It's done now.
Chief
Are you buying at your current income level, or one more sustainable in the future.
They call them golden handcuffs for a reason and having a large mortgage with a high interest rate on an underwater property are some pretty strong cuffs.
I am having buyer’s remorse but the only saving grace is that it’s a two family house and I have renters paying half of my mortgage.
That’s a good scenario! If you love it don’t overthink it.
Yes
It depends.
What were the circumstances leading you to paying over listing?
Generally housing values only go up in the long term & it sounds like this will be an investment for you so don’t sweat it too much
It’s still equity being built on each payment (albeit a tiny amount your first few years of minimum payments), so even if it’s more then you’d usually pay, at least you’ll get something out of it when you leave, even if just a recoup of the closing costs. You’d have nothing if you leased.
Would have been nice to buy in 2021 when it was 2.3%, but I’m in a similar boat with having a higher payment then I’d initially expected. Che sera sera. Just hope values stay up enough for me to lose the PMI next year