#house

Maldives : Local islands near house reef

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Maldives : Local islands near house reef Which local islands have the best house reef? Meaning lots of fish, turtles, eagle rays (not sting rays) and octopus. No currents, not exposed to waves and possible to snorkel at low and high tide. As well as a pier to see sharks and rays at night time. I have already been to: – Rasdhoo (was ok) – Ulkulhas (was ok) – Omhadoo (was ok) – Hangnamee…

Reddit Travel 460 2024-12-07

While buying a new house, sell or rent out the current house ?

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While buying a new house, sell or rent out the current house ? Me(42) and my wife(40) are building a new house in Des Moines, Iowa. It would cost us around 750k. We are planning to put 170k as the downpayment. Our combined annual gross income is 260k. We are already maxing out on retirement contributions. And have close to 500k combined in our retirement accounts. We have two kids 9 and a 3 years old. We ow…

Reddit Personal Finance 1.1k 2024-12-05

Is it worth buying a house now at my age?

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Is it worth buying a house now at my age? I’m mid 40s with two young kids. currently renting. if i buy a home now i likely won’t have it paid off before retirement age (assume a 30 year fixed loan which is all i’d do). i’d have to hope and pray that it hasn’t lost value when the time comes to downsize and when i’m living off of a smaller retirement income. pros would be a bit of stabil…

Reddit Personal Finance 1.1k 2024-12-04

Should we sell our house that we just purchased?

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Should we sell our house that we just purchased? Throwaway account. My wife and I just bought a house (our first) four months ago. We were renting the house for about 5 years and the owner made us a deal to purchase the house for their remaining mortgage amount. We bought the house for $168,000 and it appraised for $245,000. I believe, with some touching up, it could sell for closer to $260,00…

Reddit Personal Finance 831 2024-12-03

Should we pay off the house ?

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Should we pay off the house ? We bought our second home in 2022 and we’d be able to pay it off sometime in the next 3-6 months. Our rate is 5.35% on a 15 yr loan. I’d only pay it off if we had $100K cash leftover as a safety net. We’d turned this house into a rental like we did with out first. We do plan on buying one more house and we’d like to do that by the time our son s…

Reddit Personal Finance 1.1k 2024-12-02

Options for financing house renovation

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Options for financing house renovation Hi all! I’ve been paying cash to renovate a house I own but don’t live in. I’m now at a point where I think financing the renovation makes sense. I’d love to hear from some personal finance gurus what my options are. A bit about my finances: Same job for 4 years, salary ~80k Credit score is ~625 Debt is low Hardly any savings, something I’m …

Reddit Personal Finance 1.2k 2024-12-01

Sell current house, take over moms house

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Sell current house, take over moms house I did search and gave up. Backstory: I have a home with about ~150,000 owed. I need to move back home. My mom owns 2 houses and wants to just “give” me the house I grew up in. I’m definitely moving back up there and selling my home (no interest in being landlord/property management). What’s the best way to go about the transfer of property with…

Reddit Personal Finance 1.2k 2024-12-01

House after a Divorce

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House after a Divorce My wife and I are likely getting a divorce soon. We purchased a new build house a little over a year ago. Together, the monthly payment is about 25% of our take-home pay, however, by myself, it is roughly 50% of my take-home pay. Obviously this isn’t set in stone as we haven’t filed, but it sounds like I will be given the house. I am a frugal p…

Reddit Personal Finance 879 2024-12-01

Should I be paying off more of my house?

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Should I be paying off more of my house? So I bought my house a couple years ago and only put 10%down. Was hoping the, interest rate would come down but that never happened and it is not looking like it will be happening anytime soon (I have a 6% rate). Now, I have a round 250-300k in savings which I can put towards the house (400k financed) and refinance but the couple of people I tal…

Reddit Personal Finance 562 2024-11-27

Pros/Cons of Paying off House Early?

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Pros/Cons of Paying off House Early? Hello PF, I am in a situation where in the next few months I will need to re-finance or pay off my entire mortgage loan in order to have everything in my name only. Right now, the mortgage is in my ex’s name and the deed is in both of our names. I will be buying her out of her half of the house as she no longer lives there and I will return to t…

Reddit Personal Finance 390 2024-11-23