whoever knew that you have to have all of your ducks in a row when you apply for a $600k mortgage
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i’m just doing the preapproval process at the moment, waiting to buy until later in the year as the bubble pops
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Bubble is one piece. Interest rates won't come back down for years. Don't want to pay double the monthly cost just because of interest. Folks don't realize the difference between just 3 and 5% interest. As they say, it compounds.
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There's a lot to be said for not having to deal with a landlord and needing to be prepared to move somewhere else at any time. Might as well spend money on something.
She can probably afford a short term mortgage in which case interest rates wouldn't be as important.
yeah ive had enough of shitty landlords and shitty HOAs who don’t fix common areas 🙃
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Shitty HOAs are also for home owners lol. But don't think being a home owner doesn't create tons of issues too. Now YOU are responsible for fixing the stuff you were complaining to your landlord about, lol. Might sound fine but it's exhausting lol.
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