The Dude wrote:why don't you guys rent a place together first and make sure you don't want to kill each other after living together for a while

this. you guys haven't even been dating for a year right?

she owns her home right now and wants to leave her situation (lives next to her utterly crazy sister in a not-that-great school district). she suggested i start spending weekends over. i think that's the first step to try things out.

double this.

err, that

pacino wrote:she owns her home right now and wants to leave her situation (lives next to her utterly crazy sister in a not-that-great school district). she suggested i start spending weekends over. i think that's the first step to try things out.

and second step is buying together?

jamiethekiller wrote:

The Dude wrote:why don't you guys rent a place together first and make sure you don't want to kill each other after living together for a while

this. you guys haven't even been dating for a year right?

nope, not yet. not even sure i'm planning on moving even if she does buy a home. we discussed it and i don't think it's a big deal. she wants the mortgage in her name only, anyway, because she got screwed before.

pacman headed down heartbreak alley guys

Houshphandzadeh wrote:

pacino wrote:she owns her home right now and wants to leave her situation (lives next to her utterly crazy sister in a not-that-great school district). she suggested i start spending weekends over. i think that's the first step to try things out.

and second step is buying together?

nah, probably not. we are just looking at homes. i wasn't extremely clear (am i ever?). it's not a definite or anything. we've just been discussing her situation the past week and she wants to get a new home and i am going along for the ride right now and seeing what develops.

speaking of too fast though, girl at work is currently on maternity leave because she had her child 2 months ago. she was pregnant 3 months into her relationship and he proposed while she was like 8 months in.

THAT'S FAST

I bought some rita's together with my gf

slow down, next it'll be popcorn at the movies

td11 wrote:I bought some rita's together with my gf

Romantic.

jamiethekiller wrote:

Grotewold wrote:

pacino wrote:im at an apt for real cheap with my friends while i pay down my debt and save some dollars. it's a pretty solid idea, and a better option than living with the parents at 28 years old.

I wish I had done that for longer

Bought this house partly out of peer pressure and partly to chase the 8K tax credit, which was dumb, but glad to have learned how it all works and broken even

my current path. plan on using my 401k as my downpayment. think i can be completely 100% debt free in less than a year in my current situation and by then i'm hoping to have 40k in my 401.

Am I the only one that thinks cashing out your 401k for a down payment is a horrible idea?

yeah, you're basically paying almost double for that money, right (or like 40%). Why not just save like $10k and take advantage of the first time homeowners things and other plans like that

you can withdraw up to 50k from your 401 without being penalized for first time home buying. you have a certain time frame to pay it back. if it takes me 2 years to put 40k together then the 5 years to pay it back won't be a problem.

The Dude wrote:yeah, you're basically paying almost double for that money, right (or like 40%). Why not just save like $10k and take advantage of the first time homeowners things and other plans like that

Yeah, the penalties are such that you just piss money away. If your out of debt at that point it wouldn't take too long to save up enough for a dp, especially with all the first time owner benefits

jamiethekiller wrote:you can withdraw up to 50k from your 401 without being penalized for first time home buying. you have a certain time frame to pay it back. if it takes me 2 years to put 40k together then the 5 years to pay it back won't be a problem.

but you're paying back interest to yourself

also, i read the rule as 50% of your 401K, or $50,000, whichever is lower

A REALLLLL MUNSON

back when everyone was calling the Larry Johnson UNLV team "thugs" and "gangsters", Greg Anthony was president of the Young Republicans.

jamiethekiller wrote:you can withdraw up to 50k from your 401 without being penalized for first time home buying. you have a certain time frame to pay it back. if it takes me 2 years to put 40k together then the 5 years to pay it back won't be a problem.

I would definitely do some due diligence and talk to a financial planner before you pull the trigger on this plan. It's not my forte but the few friends I have that are in the business have always told me its a big mistake to withdraw from those types of accounts under any circumstance.

look at it this way. without interest, you're paying at least $450/month back (sice $20k is the lower of 50% or $50k) just to that 401K. not sure what the interest would be, but it's usually 2 points above what a normal loan would be. so say add another 6% on top of that. Plus you're paying your mortgage off. seems like a lot to pay, but i am probably missing something