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tray831
Dee-licious!
Member since 3/06 5355 total posts
Name:
His Baby
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Re: How long did it take you
Posted by SweetTooth
Its unbelievable - that the housing prices here are so high that we are forced to live with parents in our 20's and 30's, to never eat out, etc. all to save in a lot of cases only 10%!!
Sooooooooo true!!!
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Posted 2/9/07 10:58 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
julz33
i run for bacon
Member since 5/05 20584 total posts
Name:
julz
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Re: How long did it take you
We saved for about 2 years while we were engaged to pay for our wedding and our downpayment. We both worked 2 jobs and we were both living at home. I am SO GLAD I started to save young (age21-22), because I wouldnt want to work 2 jobs and live with my parents now to save. We closed 2 weeks after returning from our honeymoon and the gifts from our wedding were used to start our renovations.
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| Posted 2/9/07 12:40 PM |
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VickiC
Rocking the party
Member since 5/05 4937 total posts
Name:
Vicki
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Re: How long did it take you
Posted by tray831
Posted by SweetTooth
Its unbelievable - that the housing prices here are so high that we are forced to live with parents in our 20's and 30's, to never eat out, etc. all to save in a lot of cases only 10%!!
Sooooooooo true!!!
No kidding - this is what we are doing at the moment. We are going to put down 10% that has taken us just about 18 months to save. We just have to find the house!
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| Posted 2/9/07 12:55 PM |
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TheLorax
LOVE
Member since 2/06 5581 total posts
Name:
Suzanne / SuzBride
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Re: How long did it take you
Posted by MrsNaunie
I have a question-
Is there a big difference in the mortgage rates if you put down 10%?
Because form what I can figure, the difference in payment from putting down 10% and $5000 on a $40K house, is $200 a month.
I would rather have that $35K in the bank.
which is why we put 10% down. ALthough the interest rate on loan #2 is higher.
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| Posted 2/9/07 12:59 PM |
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BriBri2u
L'amore vince sempre
Member since 5/05 9320 total posts
Name:
Mrs. B
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Re: How long did it take you
Hey Jess...
It took us almost 2 years but we were also saving for our wedding which we paid for ourselves...
I had my check directly deposited into our savings, DH paid all the bills and gave me a weekly allowance of $80 - he also paid for gas and gave me extra money when I needed more...we were able to come up with the 10% (we bought a co-op) pay for our entire wedding - then whatever we got back has been paying for the renovations and the mortgage..Good Luck
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| Posted 2/9/07 1:11 PM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: How long did it take you
We only put $20000 or 5% down. We did a 85-15-5, DH works in banking and this made the most sense to us. Did not make sense for us to keep renting.
DH took a withdrawal from his 401K and the rest we saved ourselves.
ETS: We also paid for our own wedding.
Message edited 2/9/2007 2:01:14 PM.
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| Posted 2/9/07 2:00 PM |
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MrsBlueSash
Love my sailor
Member since 6/05 5793 total posts
Name:
Christian
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Re: How long did it take you
2 yrs on my own to save 10% for my first condo.
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| Posted 2/9/07 2:56 PM |
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