10-19-2018, 02:15 PM
(10-19-2018, 01:41 PM)Senor_Taylor Wrote: Jesus how did y'all buy so young. Also way bigger response than expected. Will read later.
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Lived with ma dukes for 2 years after college (also helpful for her because she was single), burned up a lot of cash on Subarus but saved a lot of cash as well. Ultimately though the move out of the DC area is what helped me do it. Crack pipe prices up there man, I wouldn't have been able to afford NoVA home purchase prices at the time unless I magically started making 3x or got married to a wife that worked and lived that DINK life. Houses down south were less than half the price.
I also took 401k loans and paid myself back in both instances to help meet down payment requirements. It's a great option especially if you already own a home because you pay off the loan to yourself as soon as your old home sells, but either way the interest payments you make are to yourself (ie. back into your 401k account). There are also no penalties if you borrow from it this way, for the purpose of buying a home (there may be other acceptable penalty-free use cases, ie. medical emergencies, etc. I'm not sure)
Posting in the banalist of threads since 2004
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks