All Forum Posts by: Trey Bailey

Thank you Will! I would like no more than 2 kids in my future if that, and whichever home I buy I would like to keep for the long term, or at least for the entirety of the 20-30 yr mortgage. Do you think the northern outskirts of Harnet county would yield better buying results? It would only increase my commute to work by 10 minutes. Rent to own sounds like a great idea but i don't know if there are many options in that area

My goals are to have a place soon in to the future for me and my future wife to live in and support each other and a possible family. I'm fine with living in this area for a very long amount of time. If I was to rent I would only want to do it long enough to save to buy a better house or for a bigger down payment. Next spring I would have about 12,000 available for a down payment, obviously not the 20% needed. However I bank with the government credit union which offers a first time home buyers loan which from what I read doesn't require 20% to avoid a mortgage insurance.  I live in southern wake county, thank you for the invite. And thanks for all of the replies!

Me and my girlfriend are trying to decide whether to rent or buy a house in the spring of next year, she will be 18 and I'll be 20. Our combined income is about 40,000. We will have a car payment of 250$ a month and no debts other than that. We would like to buy in the suburbs of North Carolina in the outskirts of wake county if we buy. Average rent in our area starts at 800-900$ for a studio apartment. Would it be smarter to rent or buy? We are fine with settling if we buy but we don't want to take on something we couldn't handle. I was thinking we should set our budget to  140-160,000$ if we buy. I'm new here and just looking for advice. Thanks everyone!