Buying A Home
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
AW: EEEEP! We're pre-approved!
For a 140k loan for a house! So excited!!!
*dances*
*dances*
Re: AW: EEEEP! We're pre-approved!
PLEASE remember that many lenders will pre approve for much more than is financially comfortable.
Keep your housing costs to no more than 25-28% of your TAKEHOME pay. That means mortgage+PMI+insurance+taxes+ utilities +HOA (if in a HOA community)
You also need to have an emergency fund in place (stuff does happen), your closing costs, moving costs, repair/renovation costs, decorating/furniture/appliances, yard items and tools.
Buying a home and owning a home are much, much more than the mortgage payment. Make sure you are financially ready before making the leap.
Keep your TOTAL debt (mortgage, car loans, student loans, personal loans, child support etc) to no more than 45% of your takehome pay.
I do not mean to rain on your parade, but want you to have a good experience living in your new home, and you increase those odds by being financially prepared.