I know I’m being a pest about something you aren’t really asking about but back to your point about wanting a big tribe because you and your husband were from large families isn’t sitting well with me. Just tell me that that you want what you want regardless of the cost and I’ll let it go, but your argument is flawed. My mother is one of 10 kids, yet none of those ten had more than 3 kids of their own, most had 2, I’ll bet others will report similar results, i only had one sibling and I don’t feel jipped. Don’t do it for them, if it’s for you, that’s fine, but understand that it has it’s costs and not all are financial. Also the rocking chair thing, of the ten that my grandmother had, only two actually spoke to her by the time she made it to that chair, but both my moms kids will be by her side when she gets that chair, so it really doesn’t improve the odds of happiness all that much, the law of diminishing returns comes into play. If it is a religion thing, then knock yourself out, my apologies for even questioning it.
Back to the 215k per year with 25k rent someone mentioned, even if you paid off the condo, the income and your own savings potential, should put you into a great situation even if rates were to climb, you can buld a substantial downpayment in no time.
But if it were me, I’d call HLS, get his take in person, nobody knows financing and credit scores better. He’s handled many transactions for longtime piggy’s and we are no easy crowd to please, this is not where he makes his bread and butter, we are a pain in the a$$ crowd and not one person has complained so i feel totally comfortable telling you to call him, whichever way you go.
