+ Reply to Thread
Page 1 of 2 12 LastLast
Results 1 to 10 of 13
  1. #1
    Join Date
    Sep 2012
    Posts
    90
    Thanks
    0
    Thanked
    17
    Reviews
    0

    Default Buying a house and having another bub

    We are wanting to buy a house late next yr and in 2015 wanting to try for another bub but we are unsure how we would go financially, me not working and having 2 kids.
    Anyone been through this or can help?

    In not sure if we should wait and have our bubs a few more yrs apart then I originally wanted

    Originally 3/4 yrs apart
    Now closer to 4/6 yrs apart


    Asha 26, William 13 months

  2. #2
    Join Date
    Mar 2008
    Posts
    6,311
    Thanks
    2,387
    Thanked
    4,599
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    I'd do it before you have two dependents rather than one. Makes getting mortgage easier.

  3. #3
    Join Date
    Sep 2009
    Posts
    3,487
    Thanks
    449
    Thanked
    1,571
    Reviews
    12
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    I would get the mortgage first, but only because you have time on your side age wise.

  4. #4
    Join Date
    Sep 2012
    Posts
    90
    Thanks
    0
    Thanked
    17
    Reviews
    0
    I'm unsure about when to try then after we get a mortgage?


    Asha 26, William 13 months

  5. #5
    Join Date
    Jan 2012
    Location
    Melbourne
    Posts
    4,322
    Thanks
    1,552
    Thanked
    2,539
    Reviews
    10
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Awards:
    100 Posts in a week
    I'd get the lower mortgage possible and get if before TTC 2

  6. #6
    Join Date
    Apr 2012
    Posts
    2,058
    Thanks
    2
    Thanked
    310
    Reviews
    2
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by AshaTooley View Post
    I'm unsure about when to try then after we get a mortgage?


    Asha 26, William 13 months
    Yes banks will lend you less and possibly make it more difficult to get a loan when you have two kids.
    By getting mortgage first you only have 1 child at the time so it will be easier

  7. #7
    Join Date
    Nov 2011
    Location
    Ormeau
    Posts
    205
    Thanks
    22
    Thanked
    37
    Reviews
    13
    We bought our house a year ago, it was the best decision for us financially because rent was going up and we had a good deposit saved and we found the right house at the right price. Our weekly payments for our 4 bedroom house are less than we were paying in rent for a three bedroom duplex.
    Now we're pregnant with number three and it's great to be in our own place this time, but we were really careful to get to a place where we didn't need my income to live.
    Check out what your repayments are likely to be and figure out a good budget and you'll be able to figure out a good time for the next bub.

  8. #8
    Join Date
    Sep 2012
    Posts
    90
    Thanks
    0
    Thanked
    17
    Reviews
    0
    Thanks a lot


    Asha 26, William 13 months

  9. #9
    Join Date
    Jun 2011
    Posts
    304
    Thanks
    123
    Thanked
    73
    Reviews
    0
    Will you be including your income (assuming you're working, that is), when you apply for the mortgage? If so, definitely make sure you're all funded with a manageable amount, prior to falling pregnant.
    Because if they see you're expecting, they'll have to include that in your application, which may also affect your borrowing power (time off work with bubs, one income in the near future, etc).

    Good luck! How exciting for you! 😊 x


    Sent from my iPhone using Bub Hub app
    Last edited by M2OR; 16-11-2013 at 21:00.

  10. #10
    Join Date
    Nov 2012
    Posts
    223
    Thanks
    40
    Thanked
    68
    Reviews
    0
    I would get the mortgage now. You can pay interest only while you are on maternity leave. We are building a house at the moment with a 2 yr old DS and planning on TTC just before we move in. We are also saving a little nest egg for when I am on maternity leave.

    This will be our third property that we have purchased (previously a one bed room than a three bed room unit now building a four bedroom house) and I can tell you from our experience is is always better to be in the property market then renting as long as you don't over extend what you can pay back too much.



    Sent from my iPhone using Bub Hub app


 

Similar Threads

  1. Baby #2 on the way and buying a house!
    By MissEm in forum Family Finances
    Replies: 5
    Last Post: 23-08-2013, 07:52
  2. Buying a house, how did you save $$
    By monnie24 in forum General Chat
    Replies: 24
    Last Post: 11-07-2013, 17:54
  3. Buying a house
    By IndieBelle in forum Family Finances
    Replies: 7
    Last Post: 02-05-2013, 22:01

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

reviews
learn how you can become a reviewer!

competitions

forum - chatting now
christmas gift guidesee all Red Stocking
BAE The Label
Versatile, premium maternity wear that you will love throughout pregnancy and long after. Cleverly designed for for all stages of motherhood so that you can 'Just be you (+1)'.
sales & new stuffsee all
Bub Hub Sales Listing
HAVING A SALE? Let parents know about it with a Bub Hub Sales listing. Listings are featured on our well trafficked Sales Page + selected randomly to appear on EVERY page
featured supporter
gotcha
X

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!