Viewing a single comment thread. View all comments

MyOwnMuse0708 OP t1_j9u09v8 wrote

Reply to comment by Kooky_Deal9566 in Another “Where In Baltimore Should I Move To?” Post by MyOwnMuse0708

I totally get this! But the truth is I am tired of renting. That is a silly reason but I’ve been working fulltime since I was 18 and have significant savings despite the fact that I currently pay over 2k a month to live where I’m living right now haha. I don’t have any debt either and a great credit score. I’m eligible for down payment incentives as well. I want to buy.

I’m kind of open to renting for a few more months, in order to eligible for another grant in 2024 but end goal is still to buy haha.

I got pre-approved for more than $225k, I just don’t know if it’s worth raising my limit because I don’t want to keep spending 2k a month of my take home pay on housing. I understand the risks that come with homeownership and I’m fine with them.

Thanks for the advice though!

3

Naive-Raisin4134 t1_j9u1bpa wrote

Yea, don't listen to that guy. He probably doesn't own. The taxes are built into your mortgage payment. I bought my first house at 22 and it's a much better investment then renting.

You will have the look for something in a lesser desirable neighborhood more then likely but plenty of those are safe. Possibly right on the outskirts of Fed Hill or Canton and hope the "good" area pushes towards you. Definitely find a good realtor and their are some first time home buyer incentives you can probably qualify for.

1