Hubby and I have saved up almost enough money for a down payment and closing costs. Hooray! The silly thing is, I didn’t know this until last week. Hubs has a special savings account through work and a little bit of his paycheck goes into it every payday. Well, I knew he had this account, but I didn’t know he was actually allowed to withdraw money from it. For some reason, I assumed it was retirement-related and we couldn’t “touch” it until then. Apparently that’s not the case.
This doesn’t mean we’ll be buying a house right away, but it means we’re a heck of a lot closer than I thought we were. Hubby has been doing his homework and reading a bunch of stuff about mortgages, down payments, closing costs, and various other real estate related things that make my head hurt. He’s been spending a lot of time on Realtor.com and Zillow gauging the housing prices in certain areas of NJ. Tomorrow afternoon we’ll be out “neighborhood snooping” about an hour northeast of our current town. Stuart will come in handy. We’ll be able to park somewhere and walk him up and down the neighborhoods without looking too suspicious.
Right now, we’re just throwing money down the drain with every single rent payment we make. Owning is a much smarter way to go. Some of the houses we’ve looked at online have mortgage payments $200-300 less than our rent (and our apartment doesn’t include electric or water)! I love driving around and looking at houses so tomorrow should be fun. The weather will be a perfect, sunny 75 degrees and I know Stuart will have a ball, too.