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decided to get into more debt

not as bad as the topic sounds.

but i have finaly decided to buy my house. one of the major reasons is well im allready paying rent and for less than what the rent is i could be buying it.

so its still kinda DFW saving money by paying less rent :)

it was kinda a hard choice getting more debt. but after all your help with my SOA, gen advice, etc i have the cash aval to do it

so in a month or so i will be knocking around the MFW board as well :).

one thing i looked at and decided NOT to do was to get a bigger than needed mortgage i still plan to chip away at the rest of that 15k bit by bit :)

Comments

  • lynsayjane
    lynsayjane Posts: 3,547 Forumite
    Part of the Furniture Combo Breaker Xmas Saver!
    :T congratulations on joining 'the club'!

    buying property is imho a 'good debt'. it's an investment and as you say saves you a fortune in rent.
  • jessicamb
    jessicamb Posts: 10,446 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Yep

    I went straight from living at home to buying my own place - its mortgaged up to the hilt buts theres equity here when I do some cosmetic jobs and get a new kitchen & bathroom. And best of all I'm not paying somebody elses mortgage for them :rotfl:
    The early bird gets the worm but the second mouse gets the cheese :cool:
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