Quote:
Originally Posted by mrsb9494
My husband and I both have credit in the 730's. Husbands base salary is about 48k a year (he's hourly though). Part of his job requirement is to work overtime. I'm not sure exactly how much he made in 2017 but I do know he made 10k in overtime in the last 4 months of the year. This will continue, however, he has only been in this new position since August. We want to apply for a mortgage in June-ish, so I doubt that they will count his overtime even though he can get a letter from his employer Our monthly debt is only 275 dollars. We are saving up at least 3.5 percent for the downpayment but my father also insists on helping us (bless his heart) (we would like to do FHA) I'm not working right now; however, I am looking for a new job though. I am just not sure what I want to do with my career. So even if I started a new job soon (which I'm trying)....I've been told they won't count my income
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My Dw and I were both 24 when we bought our first property. There is nothing 'wrong' with buying at that age.
I would not buy in any market where prices were very volatile. I would be concerned that prices might drop just as quickly.
Home ownership is a good part of building Net Worth.