@Anonymous wrote:You could get one, but it wouldn't be at the most favorable interest rate. Holding off 6-12 months longer for something that will take you from a so-so interest rate to a great one is nothing in terms of time when you compare that to a 30-year mortgage. Even a small change in interest rate can equate to tens of thousands of dollars over the life of the loan.
Excellent point and frankly the best time to move would be in the 1-2 year time frame unless something changes. I think just continuing to use credit wisely and get both our scores as high as possible while trying to save money will be the most important thing we can do in the long run. It's just so darn hard to wait when you are paying crazy rent prices (in CA) when we could literally cut our monthly rate by 60% with a mortgage in Oregon.
