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eaturveggis t1_iudkoaw wrote

Reply to comment by DaemonTargaryen2024 in cosign for first house by [deleted]

I've put my information into multiple mortgage calculators, and if I can get a cheaper one I definitely can. The thing is when I graduate I plan on going full time at my current job, so I'll be making more as well.

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t-poke t1_iudl9jp wrote

Don’t make long term financial decisions based on future plans. Things change.

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DaemonTargaryen2024 t1_iudlbm7 wrote

I’m assuming you are not approved for a mortgage on your own which is why you’re asking about your dad as co-signer.

I would take this as an indicator that you’re not in a position to buy a house yet. Wait until you’re out of school, you don’t know you have the higher income yet.

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deisle t1_iudl9pa wrote

Make sure you include property taxes and insurance in those calculations plus extra left over to save for when things break. What kind of down-payment will you make? How much in savings will you have earmarked for fixes (which should also be separate from your emergency fund)

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Varnigma t1_iudsucy wrote

Honestly? Don’t buy a house until you’re done with school and have stayed at the same job for a year or two.

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