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Ready for Tomorrow! Thinking ..

September 16th, 2015 at 06:51 pm

So my place is as ready as it can be for ... the walk through ...

I went to Target tonight and bought new cat litter and a new high sided litter pan (both on the cartwheel) along with some other stuff. Sigh ... I will be doing some kind of a spending moratorium after my mom is gone. Sorely needed. Earned $6.50 in ibotta rebates/bonuses ... (up to $26.70 now)

I've been looking on Craigslist at apartments in case I decide to say enough is enough with this deal. There really isn't much available in my price range right now. (At least not in areas I'm willing to live.)

So ... I also have been looking at houses.

I've been seeing some that are very interesting, and under the $75k price mark. One I'm quite interested in is about $69k. 3 br/2b/full basement/large yard/large front porch

If NE and I end up getting married .... our credit scores are worlds apart. He spaces on paying bills a lot ... (which is why I would be taking over that aspect presto pronto - which he agrees with totally)

So ... I'm guessing it would be better to work on getting a mortgage/approval prior to saying I Do and having our credit scores merge (as far as getting a mortgage goes) It would then just be my name on the deed (if just my finances are used to get it.) Later on though, when we've gotten his score back up, we could refinance or something and add him to the deed??

(And yes, I do plan on making sure that I could handle the house payments/bills on my own if necessary. He'd really be taking most of the risk here by contributing monetarily to a house that doesn't have his name on it.) How would that affect taxes though? If we file jointly, could we still claim the mortgage interest thing if it's in just one of our names?

I'm thinking that the time of the low interest rates for mortgages may be coming to an end soon ... and so that is also kind of making me thing it may be time to act sooner than later. (Not *just* because of stupid property manager's wife Big Grin )

I should start looking into those links you guys gave me last time for first time home buyers and such not. Though that'll have to wait til next week after my mom is gone and hopefully my stress level will have gone down 50 notches.

Picking her up at the airport tomorrow and then eating at the vegan restaurant Ceejay recc'd so long ago! Good thing I get to sleep in on Friday! Smile

7 Responses to “Ready for Tomorrow! Thinking ..”

  1. creditcardfree Says:

    Enjoy the time with your mom!

    Yes, if you are married and house is in one person's name you can still claim the interest and taxes on your joint tax return. Of course, you really only get the interest deduction if your itemize and your itemized deductions are more than the standard deduction....which honestly was never a problem with us when we live there. Smile Houses are probably selling super fast around there...at least that is what I've been told. I suppose it could be slowing down now that it is fall.

  2. MonkeyMama Says:

    Good Luck!

  3. FrugalTexan75 Says:

    Thanks CCF MM Smile
    I don't know what the market is like here for houses (as far as how fast/slow they are selling)

  4. VS_ozgirl Says:

    Getting a house sounds really exciting! And one with a large front porch sounds nice. Good luck with looking into it, and also with the walk-through tomorrow - you have put a lot of effort into it, and I hope they are nice to you and appreciate it. Hoping your mom's visit is lovely too!

  5. Ima saver Says:

    Laura, when I got married to my dh, I already owned my house. I kept it in my name only because it was mortgage free. ( I had paid it off) When we built a new house 7 years later, we bought the land in both names, so we both owned the house, again mortgage free.
    Under $75,000 sounds like a great price, we can't even build a small house for that. (houses run about $130 a square foot to build and does not count the land) Maybe you should look into it now) I don't know how much you are paying in rent, but if your house payment is not a lot higher, it may be a good deal. You would probably need at least 5% of the selling price for a down payment. Would that be a problem?

  6. Stephanie Says:

    Hope things went well today!

  7. starfishy Says:

    I hope you are having a good visit with your mom! I can't believe that you could buy a house for $69K in your area...i'm ready to move there! $69K would maybe buy a hole in the ground where i live. I think it's great that you are thinking about buying and would imagine it would be very affordable compared to renting. good luck!

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