[Spuds]

Originally Posted by ichitaka05

Hey! You're better than a lot of ppl. You got pre-approved. I'm surprised how many ppl don't get it pre-approved before they start searching for the house.

Recently we've bought a house (in March). Not sure how your area is, but pricing are ridiculous. My advice is, be patient. Some days, you wanna pull all your hair out. Also you into all the mortgage options. It was cheaper in closing cost for me to do 5% DP & payout PMI than doing 20% DP. But of course monthly payment was a bit more, but we're talking about <$200 per month. Also need to ask "Is this your forever home? or is this your starter home?" When me & my wife bought our first house, I told her that it'll be our starter home and plan to fix it up and sell it in 3~7yrs. We lived there for 3 & half yrs and sold it to moved into new house.

As you go look at houses, I'm sure you'll have more questions & few retired realtor and finance members can give few tip of advice. Also I'm pretty sure Hum can give better advice than me.

I second all of this. ^