i never had my own apartment before is it wrong 2 jump head first and put a down payment on a house???

Question

i never had my own apartment before is it wrong 2 jump head first and put a down payment on a house???

Answer 1

Why would it be wrong?



It's awesome you can skip the rental market and go straight to ownership. Owning a home is great! You get tax deductions and are basically "forced" to save :) Plus you will get the appreciation on the home over time. Owning is 100x better than paying someone else's mortgage.

Answer 2

If you are so fortunate as to be able to afford a house downpayment - then go for it.\!

The only thing to be sure of is that this house meets your needs and criteria. Otherwise, in 2-5 yrs time, you may want to move to another place, which is also ok.