Quote:
Originally Posted by Frownland
Recession kids be like
Just be careful man. I'm sure you'll come out ahead, but I've seen a lot of people **** themselves over by jumping headfirst into homeownership. The inevitability of refinancing out of a hasty decisions increases repeat business and lenders/realtors encourage that ****. Pretty much why I left that industry. Also, recent activity from the Fed is aligned with pre-recession behaviour, so don't count too much on your home value increase. |
Great points of course, and I am certainly no expert on any of these subjects. Our mortgage loan is a set 3.875% interest rate for 30 years which by all accounts from people wiser than I is pretty exceptional. Obviously we're still in the glow of excitement from it all being official and I'll try to keep a more analytical eye on everything moving forward.