Hubby and I have decided to move forward with the possibility of becoming homeowners. We look last weekend and found a house that we liked and should know tomorrow if we are going to move forward with a contract or if we are going to postpone home ownership for a little while longer.
I can completely understand why they say this process is ranked as one of the top 5 things that cause stress. When I took my paperwork to the finance people the first question they asked was - "Are you going to be putting down the standard 30%?" After I finished laughing, I informed them that I would not be putting down 30%. In fact, I would not be interested in moving forward unless they could find me 100% financing. I want a total move in cost of $0.00. Thankfully, hubby and I are on the same page with regards to what we want; and if we cannot get what we want at the price we want, we are prepared to walk away and continue being renters.
We absolutely need the tax deduction, but I refuse to spend all of my disposal cash to get in to a home and I refuse to get more house that I can afford.