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Old 02-12-2008, 05:00 PM
 
Location: Concrete jungle where dreams are made of.
8,904 posts, read 6,427,253 times
Reputation: 1819
We're thinking about it. We want to be further west since we work in the city, but if we were to look at Suffolk, it would either be Huntington or around Northport (specifically E.Northport).
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Old 02-13-2008, 12:43 PM
 
1,359 posts, read 3,743,350 times
Reputation: 207
Quote:
Originally Posted by Rachael84 View Post
We're thinking about it. We want to be further west since we work in the city, but if we were to look at Suffolk, it would either be Huntington or around Northport (specifically E.Northport).
I think Melville, Dix Hills, and Babylon are nice, too.
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Old 02-14-2008, 02:37 PM
 
Location: Kings Park & Jamesport
2,434 posts, read 5,486,214 times
Reputation: 426
Try Kings Park.......its full of teachers, nurses and cops......all the benefits of a nice North Shore town at 2/3 the cost. We have been here 13 years and love it. Good luck!
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Old 02-15-2008, 11:42 PM
 
706 posts, read 2,453,812 times
Reputation: 322
Quote:
Originally Posted by Rachael84 View Post
Either way, we're buying something in the next year and a half until we get married. In the meantime, we don't plan on splitting up lol
Most people who buy homes together don't...

plan on splitting up.

*s*
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Old 04-03-2008, 08:09 AM
 
3 posts, read 3,606 times
Reputation: 10
Great advice

We're ready to buy a condo in Danbury, CT. My wife makes 72k & I make roughly 40k. The thing is she had a bankruptcy almost 7 yrs ago & my credit is very good/excellent. Should we both apply, or should I apply alone, then how do we factor in her income, etc.?

Thank you!
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Old 04-03-2008, 08:24 AM
 
Location: Sector 001
147 posts, read 384,728 times
Reputation: 46
Quote:
Originally Posted by saseire View Post
Great advice

We're ready to buy a condo in Danbury, CT. My wife makes 72k & I make roughly 40k. The thing is she had a bankruptcy almost 7 yrs ago & my credit is very good/excellent. Should we both apply, or should I apply alone, then how do we factor in her income, etc.?

Thank you!

You should both apply, because your income is not enough to support the mtg payments. Normally i say stay away from mortgage brokers, but in your case I would seek the advice of one who has experience lending to those with bankruptcy.
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Old 04-03-2008, 03:14 PM
 
Location: Huntington
877 posts, read 1,791,336 times
Reputation: 455
Rachel84 -

Keep in mind that you will write off all the interest that would be on your mortgage, so you'll have about 15+ years where you can take that off and get a little present from Uncle Sam at tax time.

Also, if you pay one additional mortgage payment per year, you will reduce your mortgage cost significantly over time and shorten the length of your mortgage.

It's really impossible to time the housing market. No one has a crystal ball. If you decide to do a little house hunting, make sure you look in the best possible locations. That's where your real value is. It truly is about location first, then find the best house you can afford.

I'm not crazy about attached condos. They have their problems such as silver fish, termites, etc., and they spread from one unit to the next. There are common costs too. I suppose it's all about what will make you the happiest living there. Go for what you think you'll enjoy the most whether it's a house, condo, coop, etc.
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