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Jan 19, 2023 at 10:28 AM
#1
I'm looking into whether I can get out of this dump of a village, is it a good idea or a bad idea to get a mortgage?
I'm not going to be moving for a few years, I'm holding off until Tigger goes, so I'm not then having to move two cats at the same time, I'd only have to move madam (Willow) Willow's the one who causes the more trouble when the carrier gets prepared, she knows what blankie-going-in-carrier means The alternative is, I see if I can put a couple of hundred aside every month (instead of doing enjoyable stuff) and seeing if I can get enough for this house as well as whatever I can save, to then move to a more decent place? The only things really going for here are I've never had any bother in this village, its just a crap dump, and the fact that this was the only place (to our knowledge) Ebony felt safe |
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ɘvlovƎ
Member Since Nov 2013
Location: Australia
Posts: 18,559
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Jan 19, 2023 at 01:32 PM
#2
When we were considering buying we spoke to a financial advisor and broker to get advice and help with our own personal finances. Good luck.
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Magnate
Member Since Apr 2016
Location: Somewhere in South America
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Jan 19, 2023 at 02:24 PM
#3
There should be online calculators that can help you to see what your monthly payments would be with different house prices, down payments and interest rates. I don't know what interest rates are like there, but they have increased here a lot over the last year. My husband and I were lucky to have bought when they were lower.
Also, remember, it's not just the mortgage payments you need to consider. If it's your house, you have to pay for any repairs, so you need an emergency fund for that. In our case, we also have to pay a monthly bill to cover things like security staff's salaries and maintenance of common areas. |
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