What are your thoughts on buying a house now and refinancing later? (Hopefully when interest rates are lower)

like
Posting as :
works at
You are currently posting as works at

Don’t you mean if?

likesmartfunny

Haha someone has to stay positive

Marry the house - date the rate.

like

Reasonable. I’m assuming they already knew not to do that.

I am in the same boat, finding it difficult to justify almost 2k extra monthly payment on a 1m house.

After doing some calculations, I decided to keep investing in stock market and rent a place but if I were to live in that house for 5-10 years then probably I will buy now even if the rates are higher since it’s a slightly easier time to enter the market and get a house at or below list price.

helpful

Exactly where we are! We’re renting, and it’s hard to justify paying so much interest to buy a house now. I guess we’ll look and pull the trigger if we can get a house below list price.

like

If you can wait a few months, market seems to keep cooling.

Still usually better to buy a house (well within your means, don’t be house poor) if you will be in that area for awhile, even with current rates

Related Posts

like

Is it still worth buying Tesla stock? Especially after rising so much since year start?

like

Hi all, I’m in the north east metro area and due to the current RE market we decided to look into PA specifically Lancaster. Anyone in this market and have any thoughts on where it’s headed? We’re looking purchasing a single family property all cash at 110k that rents for $1100 a month. The last owner bought for 35k like 15 years ago 😩 but hoping buying and holding for a few years will give a equal or greater returns over the long run.

like

How is leaseholds taxed in Texas for personal property?

like

Does j2 background check decline you if they see you’re still employed with j1?

like

I have a friend trying to talk me in to an IUL instead of a 529 for my kids. (My kids have 529s and that’s what I intend on staying with.) Am I missing something? Can someone dumb it down for me why IUL is a bad idea (if it is, in fact, a bad idea). Is there any reason to have both? Her main reason is that 529 counts as income and IUL doesn’t and can also serve as a retirement plan. Help, wise ones!

like

Does anyone have any good mortgage broker recommendations that will help find a way to not pay PMI?

like

What's the quickest way to market a property for rent other than listing it on MLS and all the websites? Should I list on Craigslist and marketplace too? Anything else I can do?

like

These paychecks aren't cutting it. Side hustle ideas?

like

Amex gold or chase Sapphire preferred? I need a card for international travel to avoid foreign exchange fees. Please note, that I'll receive a $150 credit towards the Amex annual fee due to having a corp card. I'd you my capital one checking, but no rewards/benefits there.

Building im applying to has a $1,000 move in deposit. Are these usually refunded? The agent is checking with management but they are being super slow to answer. I want to move quick on this so I don’t lose the apartment

like

I wish I wasn’t adaptable. Humans aspire for a greater level of comfort and once achieved, adopt that as their new baseline. Because of this, somebody making $100k cannot simply comfortably revert back to a $50k lifestyle. The slow growth of personal wealth isn’t noticed as ideated. Instead, we are never satisfied.

Can you relate? Has your salary / net worth growth dramatically improved your quality of life?

like

Hello Fishes,

I have joined hcl on 24 th sep 2021 and my last working day here is 18th May 2022.
Today I received my provisional full and final settlement and the payable amount is negative -11454. They are recovering the full AMPB amount which I got from September months.
I have heard from this platform only that hcl stopped the recovery police but still I got the negative fnf.

like

How to save tax i have 9 lpa salary. Need a detailed information. I have already taken full 80D apart from they any more suggestions for 80C?

like

What will be in hand for the below after-tax deduction?

Post Photo
like

What all investments can be done to save TDS deductions?

like

Hi everyone!

Wanted to know if Amex uses a lot of proprietary softwares/ processes which have no value outside of Amex?

like

Let’s finish this up strong! What are your year-end self development plans?!
We have our last session of the year of our group/guest financial education cycles at our Downtown Toronto office this Saturday. We go through our first financial education session that we talk about basic to higher level of financial information; from saving, investing, risks and returns, registered accounts, etc. There is no cost and no obligation. If you are interested to attend in-person or via Zoom, let me know.

Post Photo
like

My son made 11k on Doge but it is a joke coin. Put some money into SHIBA another joke coin. I knew all the cryptos would come back after the big fall. It was an opportunity to buy. Polygon has held up through all this because of the news from Deutche Bank. Look at the real cryptos. Bought these.

like

More Posts

BofA Vs Hsbc

Which one to choose if BofA is paying 2 lac more than hsbc ? Is Hsbc worth to consider at a lesser pay?

like
like

Is there anyone who got converted from vendor to HSBC? If yes, how much% of hike HSBC offered)?
Thanks in advance

like

HSBC I have an offer for Consultant Specialist GCB5. Not sure what the role is..is it a team lead role or is it a junior role? I have 10 yoe .. is it apt? Pls help Thanks

HSBC India

like

Five months today fam 🌞 best decision I've ever made.

Post Photo
likeuplifting

Done with the East Coast, planning a move to the Bay Area in the next year. What company would be the best to target coming from Comcast?

Welcome to the Criminal Defense Attorneys Bowl. We hope you will ask question, share your stories about things happening in your practices, current events, cutting edge cases, and practice tips.

like

Hi Fishes,
I am an BScIT Graduate with experience of 5 years in BPO(Customer Service) currently working with TCS.

Ive been learning to be a data scientist (Ineuron Full Stack Data Science)

Considering having a hands an experience on 4-5 Projects with Internship Certificates, Is it possible to get an opportunity directly into a Data Scientist Role(NLP/ML)?

Or should i go and work as an Analyst first and then look for an opportunity at more adv role?
What would be your inputs/suggestions?

like

What is a look back analysis?

like

WFH is going swimmingly 😎

Post Photo
likefunny

How do you detach your self worth from your job? I have a lot of good things in my life and generally like myself as a person, but if I feel like I’m under performing, everything else feels bad

like

Should I be concerned about abusing adderell? I was depressed/lacking motivation and needed to get some deals done and my hours up ASAP. Convinced my doctor I had ADHD, so I now have a legal prescription. I feel so much better, and am getting so much accomplished. No judgement please. We all know this is a high stress, high pressure environment.

like

Hey Guys,


I got a call from
Infosys HR on 16-September-2022 that I have been successfully selected for the job position of Test Analyst at Infosys, as per our conversation I have to receive an offer letter within 15 days, but I haven’t received it till now.

Now They have sent a mail that your Candidature is on hold. Is this happened with anyone else also.

Please do suggest on this guys.


Infosys

like

Layoffs at CDM ... again

likehelpful

Anyone recently joined Infosys as a lateral haired
Pls DM me

Is relieving letter mandatory for onboarding into TCS? Because relieving letter will be provided only after 10days after completion of fnf settlement and my joining date is just next day of my LWD. Please help??

like

What is the actual transaction work like at a growth equity firm like Norwest, TCV, Capital G, etc. I’m interested in learning more about minority investments in the $10-$100m range. What is the diligence like, timeline, etc basically, I am curious if this is something only bankers can do/have experience with

like

Can someone please help me with the reimbursement amount CBA provides for goods transportation?
TIA

like

Additional Posts in Personal Finance Bowl

I make 135k gross/year & am looking at apartments in a tier 2 city. 2k for a 1 bedroom or 3k for a 2 bedroom? I’ll be working from home and living by myself & a pup. The hesitancy is 3k is basically one of my paychecks after taxes. I live frugally otherwise with the exception of eating at a nice restaurant once a week. Is a two bedroom worth it?

like

Any good wedding ring sources aside from Blue Nile?

Anyone have a recommended tax person in Chicago?

like

How to choose which financial advisor to work with.
I have no financial experience and an advisor reached out from equitable.

What's a good percentage (they're offering 2% as a fee)

like

Invest in roth 401k or traditional 401k and save the difference for a house downpayment?

like

Looking to get an Alfa Romeo Giulia Ti sometime this year. Brand new the MSRP is about 45K and despite the reputation of the old Alfa Romeo’s from the 90’s these seem to be night and day more reliable. Would you recommend buying new, leasing new, or buying used? If I bought used it would be anywhere from 2019-2021

like

Hi - AMEX sign up bonus is higher than ever. DM me if you would like a referral link, I’ll split my bonus with you as well :)

Why do 403b have such I fees? I almost want to stop contributing all together or just minimum 6% to meet the match. Possibly just rely on the pension but what if it’s underfunded when I retire?

Vanguard Digital Advisor ( 4 ETFs, 0.15% fee) vs HSBC Financial Advisor (15-20 funds, 1.5% fee) which one to go for nest egg growth 100k starting

accountant said he needs my IRS pin to e-file. Can anyone confirm this is legit?

like

Have about 5k to invest - should I do FXAIX or FSKAX?

like

My dad stole my identity a couple
years back and tanked my credit score
- brought it down to like 400. I've
been working towards fixing it so that
my boyfriend and I can buy a house in
the next year or so. This morning, I
checked my score after not looking at
it for a while and I'm in the mid 600s!
Y'all don't know how happy I am
about this lol

uplifting

Currently maxing out my 401k and HSA and investing about 1k/mo in ETFs. Also recently started buying I-bonds given inflation. What are other things I should be thinking about?

like

Anyone here have any information on where to invest your money apart from the firm's 401k match? New to investing and wanted to know where do other people invest since most of them wouldn't be investing in stocks directly.

like

I have a LOT of credit card debt. It has just grown over time and I can’t find my way out. I’m considering debt consolidation, specifically a company called National Debt Relief which seems legit but I’m just so hesitant because I’m scared to make my situation worse. Or a personal loan to pay off all the CC debt and then have a smaller all in one payment. I’m intelligent and I work in finance, it’s so embarrassing. HELP.

like

I'm a long time user of mvelopes budgeting software, and we just got a notice that they're shutting the platform down at the end of the year.

Looking for a recommendation for an "envelope based" replacement. They suggested Every Dollar, but it doesn't handle credit cards well.

like

What’s up with people talking about withdrawing from retirement due to CARES Act and investing elsewhere?

like

I racked up about $20k in credit card debt due to a confluence of things happening at once (move, school expenses , etc ). I have a fair amount of paper assets but not a much free cash. Assets are down a decent amount with the current market cycle and I’d prefer not to sell them to cover the debt , although they easily could. Any suggestions how to handle the credit card debt without racking up tons of ongoing card interest?

like

In your opinion which is the best target fund to choose in IRA Roth?

Keen to buy first home in Dubai but skeptical given the uncertainty around the global economy albeit high oil prices which is a positive for the region. What are people thinking? Anyone here from middle east?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal