first house bought at 25 paid by 31
bought my second cash then year later took out small mortgage to buy car/make house improvments/remodel. If the market didnt tank i’d be early again but now will wait for 15 to expire at 47
nice…haven’t purchased a house yet but I’m shooting for a 50% down payment on a ~120k home. If I live at home for another year it should be no problem. However with interest rates kicking ass I may have to pony up and buy sooner than later. I’m 27 now and plan to have a house paid for by 35ish
I would like a nice elegant house or maybe even two, but toys are my first priority. The wife on the other hand, might not agree with that mindset lol.
Ok.
if i took out a 60month loan for a 40k car, technically it would be paid off in 2 years or less. but it wouldnt be, because i did not factor in bills, gas money, insurance, if anything goes wrong. if i get fired, if i wanted to go on vacation, if a baby popped out of the girls vajayjay. there are so many factors to consider, maybe after paying for about 5years you could project. but not 1min after getting a loan
are you paying with just YOUR salary, is it a combined salary? does your wife pay the mortgage and you pay everything else.
If you went into this buy, by yourself then yes, it would take almost the full term.
i could buy a house with 5 college room mates and have it paid off in 4 years :gotme: