More unasked for advice. :) I think I may've said this before, but decide what your upper limit that you can pay is, and then don't go that high. Seriously. I saw some houses that I would've loved and that were in my range, but I would've had to live on a much tighter budget, wouldn't have had extra cash for splurges on dinners out if I wanted, etc.
Also, remember that mortgage interest is tax deductible, and that includes any interest paid on home equity loans, which you can use to pay off higher interest loans like cars or credit cards. Just be sure of your terms. I've always gone for fixed-rate loans because I don't trust the fluctuations in the interest rates, and now, hearing about people who's mortgage payments have doubled because of that and they can't make the payments anymore, I'm glad I've got a fixed rate even if it is higher than it wouldn've been if I'd refinanced to a lower variable rate.
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
no subject
Date: 2006-10-26 12:25 am (UTC)Also, remember that mortgage interest is tax deductible, and that includes any interest paid on home equity loans, which you can use to pay off higher interest loans like cars or credit cards. Just be sure of your terms. I've always gone for fixed-rate loans because I don't trust the fluctuations in the interest rates, and now, hearing about people who's mortgage payments have doubled because of that and they can't make the payments anymore, I'm glad I've got a fixed rate even if it is higher than it wouldn've been if I'd refinanced to a lower variable rate.