Lulu, when you say that you hate to put-off buying a house for that long (1 year), you’re acting on emotions. One year is NOT long.
Since you’re newly married, you probably have some notions of a perfect marriage that includes homeownership.
Try to think cold-hard cash and make your decision based on how much you’d save (for your family’s future) if you rented. If you’re prepared to pay $3500 in interest, property taxes and HOA each month, you can rent a much nicer house in a nicer neighborhood for the same amount.
