What's the go with them?
Are they a good or bad bad idea?
In a nut shell hubby and I are sick to death of renting, we pay $800 a f/n an we are now paying full water bills..
Our plan was to save for a deposit which would take us 2+ years.
We have done some looking online at houses we would be looking to buy, it's just me, Dh and dd, unfourtunitly no more children for us.
So it will be a small house, the houses we like are going for around the $250,000 to $300,000 mark and to be in the area we know and love which we have been living in for nearly 6 years now.
With the rent we pay, and the online calculators we have looked at we can afford a house loan.. It's just the deposit and its a horrible feeling paying for a house that isn't ours, dead money so to speak.
I have only just found out you can get a no deposit home loans after our bank sent out letters regarding the first home owners grant.
Would you or have you done this to buy a house?
Good idea, bad idea?