Buying a house...

United States
July 15, 2009 1:45am CST
Hello.. If you were making 3K a month, would you buy a house for about 150K. You think you can pay it off in 30 years?
5 responses
surveygeeek
@surveygeeek (189)
• United States
15 Jul 09
I think that when you go to get a loan for a house, they will make you sit down with someone at the bank and talk about your plan for paying it back, and making sure the payments are okay with you. Maybe it wouldn't be a bad idea to do that first. There are plenty of financial consultants, and it sucks to have to pay someone for advice, but if you're talking about $150,000, it might be worth it to spend the $100 extra to know what you're getting into, and talk to a professional who has nothing to win or lose by your decision.
usaflove08
@usaflove08 (281)
• United States
15 Jul 09
Hello, Thanks for your reply. Yeah well my hubby was talking about buying a house near base and applying maybe for a va loan or something. The area we live in right now have a lot of houses under foreclosures and for sale. Glad they don't cost as much as my parents house in SF which is like 800k so I don't think it will be that hard on finding a house that's affordable around here. But we're not sure, I guess we'll see. How much are u paying for your house?
Naisan
@Naisan (215)
• Philippines
30 Apr 10
the answer is yes; im a property consultant and in your case there are a lot financing scheme that would suit your budget--I'd love to help you out
larish
@larish (2239)
• Philippines
22 Jul 09
Yes, as long as the monthly amortization is below your 30% income. I think you will do well to finance all your needs.
moribus2
@moribus2 (106)
• India
19 Jul 09
yeah, I will rent 90% of the house to a total of 5k a month which shall pay for my basic amt of 150K. I will pay the interest from my income of 3 k. That should take 30 years. In 30 yrs the rate of the house may nearly double (It does). Great profits........... We do the same thing in India. Land is more then gold here. I dont know about USA.
unstopabble
@unstopabble (452)
• Philippines
17 Apr 10
3k a month? i think thats kinda small.becuase from that 3k.you will deduct your electricity bill.your water bill.your internet bill. for your food.and etc. i think it will not work out