What a great house! I LOVE LOVE LOVE the front yard!
Don't panic! What you are doing is a FANTASTIC investment. I'm thinking that your real estate market is such that values of homes aren't inflated (like New Jersey, California, the DC metro area, etc). As such, your home value will ONLY increase, and the monthly payments you make are going to your equity instead of into the pockets of a landlord.
It's a great decision, and you shouldn't panic at all. Seriously. Also, don't pay attention to the "total cost" of the home on all the paperwork -- you're not going to be in the home long enough to pay that. :-)
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Date: 2006-01-12 02:21 pm (UTC)Don't panic! What you are doing is a FANTASTIC investment. I'm thinking that your real estate market is such that values of homes aren't inflated (like New Jersey, California, the DC metro area, etc). As such, your home value will ONLY increase, and the monthly payments you make are going to your equity instead of into the pockets of a landlord.
It's a great decision, and you shouldn't panic at all. Seriously. Also, don't pay attention to the "total cost" of the home on all the paperwork -- you're not going to be in the home long enough to pay that. :-)