Reply to How much house can we afford?

Forum Index » Money and Finances

Reply to "How much house can we afford?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]In upstate New York, not in dc proper.

We are making Student loan payments  2,000 a month and we are hoping for public student loan forgiveness next summer or other opportunities/grants so have been waiting on paying them off more fully.

Current house worth is 300k. Bought about 5 years ago. Want to settle in a different also great district with more diversity while oldest son is still fairly young (2nd grade)[/quote]

I get why you want to move. But you have very little in savings (you need 3-6 months of expenses for an emergency fund in case of job loss or medical emergencies). Aside from barely having any retirement savings, you will also have four kids. You make too much to quality for the Excelsior scholarship, so you will be on the hook for tuition at SUNY (I'm assuming you would pay for in state tuition because you don't seem like you're saving for private).I

2200 is not small. You can pads down your stuff and everyone doubles up for a few years while you save more for your EF and separately for a down payment.

I'm sure there are other ways to get more diversity in your kid's lives. Maybe via extracurriculars?[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics