house hunting

We're going to check out houses tomorrow with a realtor. But the craziness doesn't start there. Gosh, I didn't realize how much moolah negotiation we have to go through first.

Talking to the "potential" lender today, I found out that credit history is really important to get a loan. Little credit is better than bad credit. Unfortunately for us, we don't have much of a credit history. I've had my credit accounts for only a few months, not enough to even get a credit score. Nick doesn't have any at all. She did say that she can get credit history from our previous bill payment history, so that's good.

With Nick's income, we can only qualify for a 150k loan. It's good for a condo, but will probably get us only a so-so type home. Ugh. My income won't count. We'll see on Monday.

Why buy a home when it's cheaper to rent? Our lease expires in a few months. Plus we figured that investing the money in a house (our own house) is better than paying the same amount to someone else...*sigh*