Finally decided to pull the trigger and find me a home. At the cost of renting, buying is almost the same price. Went through The FHA loan conditions (stressful), and finally was able to close.
If your looking to buy a home, make sure you have a large amount of money sitting in the bank for a while that way the process is easy. Other then that don't let fear stop you from achieving your goals and dreams.
Yes, 60 days of cash in your bank accounts is required, unless you can source where the money came from.
Buying a home is a luxury and far more expensive than renting. This is the primary reason we are in business. You will pay far more than a home is worth by the time you finally own it. You should anticipate home ownership to cost twice as much as paying monthly rent.
I advise investors to continue renting until they have enough money from their investments to throw away on a personal home. Luxury items are for the rich and carefree.
Well, I was able to pull all my closing cost from my 401K, graciously. @Jerry Padilla what advice could you provide for our next home purchase?
Well done on the home purchase.to more
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