So providing all goes as planned (which, trust, I don't count on it) I will be headed back to live with DH while he pushes through medical school towards the end of the year. I mostly manage our finances, mainly because I'm a control freak. Haha. My question is about home loans and what not. I will have a full time job but obviously DH's portion of our life will come from medical school loans. I have no idea how the whole home purchase/mortgage thing works and tbh I don't want to look like a complete moron when I walk into the credit union to get some answers. If we are looking for something that can be sustained on my income alone, does he have to be on the loan? Would it be beneficial for him to be as his credit is better than mine? My hope is to have at least 5% down once we are looking, hopefully we'd be able to put more back with my end of year bonus. Does it even make sense to buy when we know that we could end up anywhere else in four years? The town where we would be looking is about halfway between both his med school and my work, but being a 40 minute commute for both of us be too much? I don't think so, but then again, I've never been in med school before. Am I being irrational in wanting a house? Or am I just motivated by the fact that everyone around me is doing it?! Haha.. who knows right? My ultimate question is that financially, does it even make sense? For all we know we could end up right here or a little further south for residency... oh my oh my.. I thought the acceptance to med school was going to make my madness a little more bearable, apparently not so much...
As always.. thank you for just listening to my rantings...
XOXO
Mrs. Sz
As always.. thank you for just listening to my rantings...
XOXO
Mrs. Sz
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