Hey all, I would so appreciate any advice you have.. I'm thinking of purchasing a condo because I feel that it's the right move, and I am in a situation where I will be living with people who can help pay the mortgate. (living with my sig other, and another roomate in a 2 bedrm condo hopefully)
My credit scores are in the high 640 range. I got into credit trouble in college but have resolved it and have no more credit debt. I'm 26, make 55k/yr, no car pyments, and am in school so loans will not begin until dec 2009. I only have 5k saved for a down payment.
Does buying seem like a wise decision? I'd rather not rent another yr since I am ready to do this.... but am I better off renting until sep '09 and then purchasing, when my score is hopefully even better? I am in the Boston area, where real estate is very pricey, and with the mkt being buyer-friendly right now, I feel like I should jump on it.
Thanks so much in advance for any replies or advice!!