It’s so funny how totally into getting a mortgage I was while I was renting! And now that I’m in the area of a homeownership plan, I see why, but it just feels so much better to begin the process of building equity instead of just paying the rent.
And I hated paying rent for inferior heating plus cooling with loud neighbors! So I was nearly obsessed with saving for a downpayment, but putting currency together for a down payment was a real challenge; then first, I am in a public service work that does not pay a fantastic deal of currency.
Secondly, the more I save toward a house, the more the prices seem to explode. It was maddening because I felt that I was always chasing our tail when it came to house ownership. But then I was approached by one of our colleagues plus his spouse. They were simply looking to put together a group of people who would buy a large house together. I was entirely interested so we took a meeting with a lawyer to understand how to protect all of our interests; once that was worked out, we found the perfect house in a larger than two story home, but each story could be its own living space plus we would share a usual kitchen… My friend and I were able to pool our currency for the down payment plus the renovations that were needed. Instead of replacing the central a/c, we simply choose to use ductless heat pumps on each floor. This way we all had our own temperature controls plus could track our energy use when it came to heating plus cooling separately. It’s easily worked out fantastic plus I easily do love having a mortgage as well.