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Don't forget you get a std. deduction to begin with so your 'savings' don't start until you pass that base figure!
Something else to keep in mind, if you buy at a high price with a low rate you have zero chance of seeing your payment go down in the future (NOT talking about variable rates here) but if you buy at a low price with a high rate you can hope to refi one day when the cycle comes around!
BTW, i think you answered your own question when you said 'stop racing and having fun'. Kick back and bank some $$ for a while and don't be in such a rush. You might consider trying to find a rental property that pays for itself (doesn't have to be nice of course) if such a thing exists in Ca. This will keep you in the market and allow you to build equity and not feel like the clock is ticking away on your future.
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Well i had #6 adjusted perfectly but then just before i tightened it a butterfly in Zimbabwe farted and now i have to start all over again!
I believe we all make mistakes but I will not validate your poor choices and/or perversions and subsidize the results your actions.
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